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PBS
Dec 4, 2012 6:30pm PST
governors met with president obama today about what they need to see in a fiscal cliff deal. we talk with delaware governor jack markell. >> susie: i'm susie gharib. a coalition of the nation's top c.e.o.s is feeling pessimistic about getting a fiscal cliff deal. the group's leader joins us, maya macguinneas. >> tom: and luxury fashion meets the mass market. who wins with target's pairing with neiman marcus? >> susie: that and more tonight on nbr! >> tom: there wasn't much obvious ground given today between president obama and congressional republicans in the effort to avoid the fiscal cliff in january. president obama repeated his pledge he's open to new ideas, but is holding firm on his call for higher taxes on top income earners, something missing from the g.o.p. plan. with just three weeks left, the two sides are still at odds with their opening offers. with time ticking away to reach a deal before tax cuts expire and spending cuts hit, president obama today said he's still optimistic a deal will be done and he's willing to compromise, but negotiations just aren't there yet. >> i
CNBC
Dec 3, 2012 6:00pm EST
might be a deal on the horz ton avoid the fiscal cliff, the fact that the republicans put out an offer, like their old offer before the president won re-election, it does feel like the two sides are talking, but they appear to be talking past each other. the clock is ticking in washington. ticking against a dealing. i think the two sides seem to hate each other more than ever. i don't now, it seems like the last 72 hours i was hoping it was going to get better and it seems like it got worse. i spent a ton of time this weekend hanging with old college chum, grover norquist. he's as certain as ever that republicans who have impure thoughts about violating his no new tax pledge will be targeted at the primary level by tea party members. i'm taking this masterful behind-the-scenes player at his word that he controls almost all the republicans. because almost all of them signed his oath. so a deal could be tough. plus i'm now calling for no vacation without legislation. no vacation without legislation. because the holidays are slated to begin in a couple of weeks. which doesn't give enough
FOX News
Dec 9, 2012 10:00am EST
take difficult votes. that probably won't happen until the spring or summer next year. the fiscal cliff, dealing with that, it's only the beginning. >> if you're sitting at home, whether you're in the middle class, upper class or searching for a job and slipping into lower class, why should you care about this and what can you do to affect change if washington so there's let political theater and more action? >> that's a major concern for members of congress. we're talking about the debt and deficit but the focus turned away from jobs. that's why i think the deal that is struck may not be if -- the cuts may not be effective immediately. maybe takes rates take a year to kick in because the economy is fragile. people who are out of a job don't want the economy to tank further. they want a job in 2013. congress has to be very careful to get a deal that actually doesn't put us back into recession. as you know, there's not a lot of confidence in congress so there's fear congress will mess it up. >> that's been the situation for a long time. people want to unfasten their seat belts on this. we'll keep a cl
FOX
Dec 10, 2012 4:00am PST
. if it breaks through $19.75, and we get a break through $20, we get a deal on the fiscal cliff - $21.60 is the 52-week high - if a fiscal cliff deal gets done, it breaks through $20, i think it has an upside measure/move target of $21.60. so i am going to be looking to be a buyer above $20. > good to have you on the show. that is andrew keene, president of keeneonthemarket.com. > > thank you. we are running out of time for today. coming up tomorrow: the behind-the-scenes story on why the plug was pulled on circuit city. from all of us at first business, have a great monday! . >>> a homicide investigation in san francisco, the unusual way the victim was found and why police need your help. >>> we have more on the missing man police are looking for this morning. >>> it could affect your drive, it's all ahead on the ktvu channel 2 morning news. this is ktvu channel 2 morning news. >> good morning, thank you for joining us this monday morning, i am pam cook. >> let's see how long this will last, steve. >> two days. >> it's cold at night. >> it is going to
CBS
Dec 10, 2012 7:00am PST
>>> welcome to "cbs this morning." there are 22 days left to the fiscal cliff deadline. there is no deal yet, but the two leading players are now talking face to face. >> and some republicans m congress are pushing their leaders to be a little bit more flexible. major garrett is at the white house. major, good morning. >> reporter: good morning, charlie and norah. the white house meeting yesterday between president obama and speaker boehner occurred after the president extended that invitation to boehner quite quietly on friday. after the meeting, both were described as hopeful. even so, a followup meeting between white house staff and republican congressional staff on underlying details of a fiscal cliff deal apparently achieved little progress. the president met with boehner after huddling friday with house minority leader nancy pelosi and telephoning senate majority leader harry reid. both democrats wanted to make sure president obama will not freeze them out of fiscal cliff negotiations. far from frozen, some set of republicans appear to be warming to higher tax rates on households earni
FOX
Dec 5, 2012 5:00pm EST
the need to strike a fiscal cliff deal and what they were doing is tacking with each other, with no new talks scheduled between the major players in the debate and the speaker of the house finds himself defending his own plans for members of his own party. in northwest d.c., president obama is on the hard sell trying to convince a group of business executives to support raising taxes on the wealthy. >> let's allow higher rates to go up the top 2%, and that includes all of you, yes? >> reporter: saying a fiscal cliff deal must include new revenues. the president pushed his plan to raise taxes on household earning over $250,000 a year. >> and i am here to tell you that nobody wants to get this done more than me. >> reporter: john boehner has a hard sell of his own with conservatives upset over his offer of $800 billion in new taxes. >> the plans the white house has talked about us this far, they could not pass either house. >> reporter: a "washington post" poll finds 53% would blame republicans if the country went over the fiscal cliff while only 27% would blame the president. >> we n
CNBC
Dec 5, 2012 3:00pm EST
. we're going to hear from somebody who says a deal on the fiscal cliff could have already been reached if only lawmakers took a page out of wall street's deal making strategy of keeping things behind closed doors. where have we heard that before? >>> plus, secretary tim geithner with us exclusively. will the white house let our economy go over the fiscal cliff if a deal on higher tax rates for the wealthy is not reached? we're checking it out. back in a moment. [ male announcer ] research suggests cell health plays a key role throughout our lives. one a day men's 50+ is a complete multivitamin designed for men's health concerns as we age. it has 7 antioxidants to support cell health. one a day men's 50+. it's easy to follow the progress you're making toward all your financial goals. a quick glance, and you can see if you're on track. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. >>> welcome back. this very public negotiation on the fiscal cliff still does not seem to be closing in on a deal. the white house out in campaign style events regularly, making multiple media appearances, kle including timothy g
CBS
Dec 3, 2012 5:30pm PST
won't be a fiscal cliff deal without that tax increase. the white house today dismissed that counteroffer as nothing new and urged republicans to "get serious about the fiscal cliff negotiations." but, scott, that's exactly what republicans were saying about the president on friday. >> pelley: wyatt, thank you. the president has not decided whether to order an end to a strike that has crippled traffic at the nation's two busiest seaports. the ports of los angeles and long beach shut down after a few dozen clerical workers walked off the job and dock workers refused to cross their picket line. bill whitaker has the latest. >> reporter: 11 huge cargo ships are stuck offshore, piled high with containers of food, toys, lumber. 14 others sit untouched at the docks. >> if you guys could start handing the fliers out. >> reporter: transporters, wholesalers and retailers are growing angst. ingrid lazcano, owner of andean dream, imports quinoa, popular right now in the u.s. her last shipment was diverted to mexico, another was diverted to chile. >> we have about $400,000 worth of merch
MSNBC
Dec 5, 2012 2:30am PST
rock in new york city. and we begin with the latest on the rapidly approaching fiscal cliff deadline of automatic tax hikes on everybody and what appears to be a stalemate in the negotiations. in his first interview since the election, president obama reiterated his demand that any deal must raise taxes on the highest earner. yesterday obama also appeared to showroom for flexibility on actually relowering those tax rates in the future. >> i don't think that the issue right now has to do with sitting in a room. the issue right now that's relevant is the acknowledgement that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms and entitlements that i'm prepared to make, that we're going to have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. p what i've suggested is let's essentially put a down payment on taxes. let's let tax rates on the upper income folks go up. and then let's set up a process with a time certain at the end of 2013 or the fall of 2013 where we work on tax reform, we look at what loopholes and deductions both democrats and republicans are willing to close, and it's possible that we may be able to lower rates by broadening the b
KICU
Dec 4, 2012 7:00pm PST
removed from the house budget committee where elements of a fiscal cliff deal are to be considered. meanwhile president obama held his ground insigs on higher tax rates for the top 2% of the wealthiest americans. >>> the political wrangling but a damper on wall street as stocks finished slightly lower in a light strad trading day. the dow jones industrial lost 13, the nasdaq shed 5. shares in oakland-based pandora are plum etting after hours. the internet radio company posted better-than-expected quarterly results but lowered its outlook for the rest of the fiscal year. the company is facing stiffer competition from the likes of apple and microsoft. both companies are launching their own music service. pandora shares dropped 17% after the closing bell. >>> now, numbers and new numbers show home sales in california remain steady, a sign of the recovering housing market, but as john reports, in one bay area community, the supply of homes on the market is as tight as can be. >> tuesday's in walnut creek are normally reserved for real estate brokers to tour each other's available homes
PBS
Dec 5, 2012 7:00pm PST
cliff deal by president obama are aiding share prices. i guess port-related issues are leading the gains as the weakening trend of the yen is continuing. so let's take a look at the currency markets. the dollar is higher against the yen. that's on better than expected nonmanufacturing data out of the u.s. 82.40-43. euro/yen, that's in the mid 107 yen levels this thursday morning. taking a look at other markets in the asia-pacific, south korea's companiespy is 1949. let's take a look at australia. the benchmark index is lower by about.25%, 4508. let's see where china takes us when they open the next hour. >>> european commission regulators have imposed a fine worth almost $2 billion for running two price-fixing cars sells. they say it's the highest-ever anti-trust penalty in their history. the commission leaders said they fined six companies a total of $1.47 billion euros for anti-competitive behavior. the firms are panasonic and toshiba, samsung sdi and lg electronics, phillips and technicolor. they say the officials of those companies met a number of times until 2006 to manipulate
FOX
Dec 5, 2012 12:00pm PST
fiscal cliff deal that include as tax increase for the rich. he met with business leaders in washington d.c. and he is aware that some republicans may be willing to raise tax revenues. but he warped the gop not to pick another fight on the debt sealing. he was can dade -- death ceiling and he was can -- he was candid. >> this is the top 2%. includes all of you, yes. >> i believe there is a purpose to put revenues on the table. >> house speaker boehner countered the president's proposal without raising individual tax rates. the republican plan also includes 600 billion in spending cuts to federal healthcare programs and increase in the eligibility age for medicare. >>> a san francisco blogger and activist is in hot water of a photograph after political opponent. michael petrellis took this of scott weaner last year in a pact room. >> he tried to take a picture of him at an urinal. and today, he pleaded not guilty to misconduct. he wants it to be made as part of the from. >> we will be fighting the case and despite the fact that the photograph was taken, we are talking fundamentally of a
CBS
Dec 5, 2012 4:00am PST
percent while the hang seng gained 2%. wall street investors are waiting for a fiscal cliff deal. stocks were unchanged. the dow lost 13 points while the nasdaq was down five points. bank profits are getting bigger. the financial industry earned $37.6 billion in the third quarter. that's an increase of more than 6% and it could lead to more lending. there's good news on the housing front. a survey shows housing prices were up more than 6% in october. that's the best gain in six years. starting in 2016 the disney characters are coming to netflix. they landed exclusive rights to stream disney movies before they air on cable networks. netflix will get some of disney's classic movies. no financial terms of the deal were released. and just in time for the holidays, starbucks is introducing a $454 gift card. the card is made of etched steel. comes with $400 on it. the reason why it's $450? it costs $50 just to make the card. there will be only 5,000 available and they will only be sold on the website gilt.com. the card comes with a gold level starbucks membership for $400 you can buy 57 cups o
PBS
Dec 4, 2012 6:00pm PST
cairo today. >> ifill: we continue our series of conversations about the fiscal cliff. tonight we hear from economist paul krugman. >> i don't think there's going to be much of a deal. i think there's going to be a kind of... there will be an outcome. >> woodruff: from haiti, fred de sam lazaro reports on the efforts to stem a deadly cholera epidemic that began after the 2010 earthquake. >> ifill: and ray suarez talks to author and journalist tom ricks about what he describes as the decline of american military leadership. >> today nobody gets credit for anything and mediocrity is accepted as a core value in the performance of generals. >> ifill: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you
FOX News
Dec 7, 2012 3:00pm PST
>> dana: three one more things. >> greg: you had three more. three good things. >> bob: number one. >> greg: number one. speaking of number one, me -- no. catch me on greta tonight. i'm on her first block of the show. "red eye" we have ann coulter and gavin mckinnon on. >> bob: can you do something that is not self-promoting? >> greg: no. storm the first day of hanukkah. celebrate a happy holiday. that is it for us. have a great weekend, everyone. >> john: another weekend no, deal on the fiscal cliff. how close one is depends on whom you believe. this is "special report." ♪ ♪ >> john: good evening. i'm john roberts in for bret baier this evening. deadlock, gridlock, stalemate, whatever you call it. most people in washington seem to think we are there. we have just four more weekends to go before america goes over the most talked about piece ovate i of real estn the world, the fiscal cliff. ed henry tells us not everyone is pessimistic. >> reporter: literally snapping his fingers, vice president joe biden today suggested it will be easy to finish a deal with congress to avoid the fiscal cliff. >> it would take 15 minutes from the time the decision is made by the speaker of the house to pass and make permanent middle class tax cut. the president would probably have me sprint up to the hill to bring the bill down for him to sign. it can be done like that. it is not complicated. >> greg: speaker bane -- >> reporter: speaker john boehner not so optimistic. >> this is not a progress report, there is no progression to report. report. >> reporter: he blasted for not offering a counterproposal to his plan and they seemed more than ever going to stop the tax increase. economy shrugged off hurricane sandy to create 146,000 new jobs, nearly double what forecasters had said, job creation for september and october was revised downward by a total of 49,000. another 350,000 people were so discouraged in november they simply stopped looking for work and left the labor force, which is why the unemployment rate dipped to 7.7%. >> raising taxes on small businesses is not going to help our economy and it's not going to help those seeking work. i came out the day after the election to put revenues on the table. take a step toward the president to try to resolve this. when he is going to take a step toward us? >> analysts say anxiety over the higher taxes from fiscal crisis is a reason that consumer confidence plunged in december. thompson reuters dropped to 74.5 in the consumer sentiment, lowest level since august. vice president countered that business leaders are telling him the economy will take off if there is a fiscal cliff deal. >> they have over $1 trillion out there to invest. if they think that the economy is going to move. >> he suggested some wiggle room to get that done. >> the top brackets have to go up. this is not a negotiable issue. theoretical we could negotiate how far up. >> democrats noted today despite boehner's tough talk when he was pressed on whether the tax rates on the rich could be negotiated he initially ignored it and then suggested some flexibility. >> there are a lot of things that are possible. to put the revenue that the president seeks on the table. >> now white house officials are clear in saying they still want the tax rate to go up to 39.6% like in the clinton days. but it's clear tonight they will give on that a little to get a deal. john? >> john: we'll see how far they will go. ed henry for us at the white house. thanks. the borrow a phrase "grease is the word" that both sides in the te bait are using for the worst case scenario of what will happen in the fiscal cliff. which sides understands best how to keep the united states getting in the same greek tragedy? chief congressional correspondent mike emanuel looks at that tonight. >> republicans frequently argue it's critical to get a handle on the deficit before the u.s. becomes like greece. there is a terrible economy with 26% unemployment highest in europe, almost no job opportunities for young people frequentenly lead toro riots in the streets. here is leading democrat is suggesting cutting spending too quickly is a real problem. >> the european community now is concerned about all the austerity. there are many, many things you can do to reduce debt. but still have a stimulus aspect of the economy. >> experts though say europe's us aer the city a drag on the economic growth because it relies too much on taxation while failing to reign in the expansion of government. that would seem to back up a republican theme in the fiscal cliff argument. >> if we raise taxes on the top two rate, a million small businesses who employ 25% of the work force it will cost us over 700,000 jobs and reduce economic growth, lower take home pay and those things. that is a bad scenario. >> the league negotiator on the republican side of the table facing mr. obama says raiding taxes on upper -- raising taxes on upper income americans is not going to fix the problem that the country is facing. >> even the president got the tax rate hike he wanted understand we would continue to see trillion dollar deficits for as far as the eye can see. listen, washington has got a spending problem, not a re-knew problem. >> for many top democrats it's all about taxes and not spending cuts in averting the fiscal cliff. >> the facts are at that point the 39.6% does produce the revenue. the differentiation between 39.6% and the 28% at that the president has for limitation on deduction creates a great deal of money as well. >> one conservative financial commentator suggests the likely outcome of the fiscal cliff talks won't be the end of the world. >> we will have taxes that are the same as the taxes were under bill clinton. we did find that we will do fine. >> the question is whether the negotiations will lead to making other tough choices such as washington getting a handle on the growth of government. if not, the european example seems to suggest fiscal trouble to our shores as well. >> john: thanks. the stock were mixed. dow gained 81. s&p 500 up 4. president obama visits detroit and he will see upset people there. mike tobin has the effect. >> michigan democrats say they can't stop, as the republicans have the numbers so despite the angry protests the legislation that rick schneider calls freedom to work will pass the final vote on tuesday. we have hardworking people in michigan. >> the law makes union membership and dues optional in the heart of the rust belt. cradle of the organized labor. they insist they are not breaking the labor union because it does not target collective bargaining. this weakens their foundation. >> you have people alongside of you that won't pay the union dues if you pay the union dues but will still be able to get the benefit from being union member. >> spokesman for democratic caucus says to anticipate legal challenge is understatement. democrats will target the language in the laws. given the bill through the lame duck session and noisy demonstrators out of the chambers the democrats say they will challenge under the open meetings laws. >> they lied to us every step of the way and they are acting like cowards. >> he says it's leadership. >> baloney. >> as demonstrators storm the capitol, police used pepper spray. additional state troopers sent to lansing today with anticipation that the demonstrations will peak on tuesday. >> we want to keep things safe. we will not have another wisconsin in michigan. people have a right to protest. but it will be done in an orderly manner. >> now the buildup to the michigan house contains $1 million appropriation. that is significant because under michigan law, appropriation bill cannot be challenged by a referendum. john? >> john: mike tobin repor reporting in chicago. more with the panel. house speaker john boehner is taking it from all directions this week. president obama and democrats are ripping him for resisting tax hikes on the rich. boehner's own party is giving him a hard time for not resisting hard enough. chief political correspondent carl cam has a deeper look at -- carl cameron has a deeper look at that story. >> john boehner is trying to stave off conservative rebellion in the ranks. his proposal to steer clear of the fiscal cliff raising tax revenue $800 billion closing the loopholes outraged antitax conservatives. when the speaker removed the conserve priv key committees in the past, the battle began. >> $800 billion over ten years and that looks like it would be a tax increase to me. 238 republicans, myself included, took a pledge not to raise taxes. they want to send a message to me to send a message to others. that we are not going to tolerate people who are interested in doing what is right. we want to play the same old game. if you try to disrupt that, we will knock you off a committee. >> for refusing to tow the leadership line, two conservatives were tossed off the house budget committee and david swiekert and jones were bounced from the financial conservative committee. benching conservatives in the proposal to influence tax revenue has boehner under fire from conservative group, heritage foundation, red state.com, freedom work and heavy hitting club for growth. >> if you keep doing this we may have to replace you. >> it's bad policy. it is awful politics. it's, it will guaranteed, it will lose him the speakership of the house in two years. >> nancy pelosi. >> republicans lost the house majority in 2006 when they promised to cut spending and then increase it. bret bozell of for america inc. says the republicans face the same fate if after promising all year to hold the line or cut taxes they raise more. >> it's not a threat. it's a reality. if you bucked -- the republicans lost the house when they walked away from fiscal responsibility. they regained it when they recommitted themselves to the fiscal responsibility. if they abandon it yet again, it's a guarantee that the conservatives aren't going along with this. >> g.o.p. leaders reacted it will to the backlash. boehner raised $100 million for the house republican candidates this year. his proposal to increase tax revenues on the four rebel conservatives is backed by the house majority leader eric cantor with kevin mccarthy and budget committee chairman paul ryan. now they're under fire, too. >> in a perverse way, the purging was good. because it provided clairryty with what we thought was true that the leadership didn't hold the conservative principles in first place. they just want 218 votes on something. they are not dedicated to what the content is. >> this internal g.o.p. fight has been overshadowed by the bigger battle over the fiscal cliff. but the politicians get it. this year, the club for growth spent $10 million against republicans they felt were not conservative enough. in a campaign ultimately that didn't even go the g.o.p.'s way. john? >> carl, thanks. late today three of the four republican lawmakers kicked off with the committees wrote to boehner demanding explanation from him on the close of business on monday. the supreme court will take up two cases dealing with gay marriage next year. it will decide whether gays of v the same constitutional right to marry as heterosexuals as it rules on california proposition 8. justices will determine if congress under the defense of marriage act can depry legally married gay couples benefits that available to straight husband and wives. we'll have more on that with the panel in a little while. they can carry a tune all the way to the bank. but the top musicians backing up their rants against the 1%ers? that is coming up in the grapevine. up next, what happens if diplomacy fails in syria? begin. tomato, obviously. haha. there's more than that though, there's a kick to it. wahlalalalallala! smooth, but crisp. it's kind of like drinking a food that's a drink, or a drink that's a food, woooooh! 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[ male announcer ] taste it and describe the indescribable. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >> john: egypt political crisis entered the third week with two sides depicting the conflict as all-out fight for egypt's future. opponents of egyptian president mohammed morsi marched toward the presidential palace in cairo today after he rejected their demands. thousands of his islamists supporters vowed vengeance for two men killed in clashes this week. u.s. and russia are trying to get on the same page regarding syria. top diplomats today announce another effort stopping the bloodshed and getting rid of bashar assad. national security correspondent jennifer griffin tonight from the pentagon on what happens if diplomacy fai fails. >> rebel forces close in on the airport, the planners expect fighting in syria to intensify. u.s. officials are pessimistic they can resol t syrian conflict diplomatically, but seem certain that assad is losing his grip on power. >> every syrian must be included this process for a new and better future. future cannot include assad. >> military in meantime is actively planning should vit to intervene to assure assad's chemical weapons. hundreds of u.s. and nato troops will soon be heading to the turkish border with syria to operate patriot missile defense batteries. this summer there was a task force in jordan after 150 u.s. special forces base north of the capital to work with the jordanians to secure an estimated 4 dozen chemical weapon sites. >> there will be consequences. if the assad regime make asterrable mistake by using the chemical weapons on their own people. >> syrian government says the leaked intelligence reports that seren gas has been mixed and loaded in canisters are a pretext for outside military intervention. some experts agree. >> this is a very imprecise weapon and it's likely that the winds might blow the gas in the city center. that is where assad's power is, is in damascus. >> the publicbe talk of a possible chemical weapons attack may be a means of pressuring assad. >> the united states wants to gain the high ground but jeff hyping. the -- overhyping. the more they make the threat real the more leverage administration will have. >> at next week syria conference the pentagon realizes it may be asked to fill the vacuum after assad goes and is worried that the newly chosen opposition military command structure is filled with commanders tied to the muslim brotherhood. john? >> john: jennifer griffin at the pentagon tonight. thanks so much. fox news just learned by the way secretary of state hillary clinton will be testifying before the house foreign affairs committee on benghazi. that likely will happen before the end of the president's current term. >>> snow may be slowing north korea preparation for another rocket launch. south korean report that the north mounted all three stages of the vehicle may not have been accurate. satellite images indicate that the north could still be ready by monday. for what it says is the launch of a satellite. the west says it's not a satellite at all. just cover for testing missile technology. still ahead, remembering the glory days of america's manned space program. up first, though, remembering a day that will live in infamy. we will meet a man who sur viveed pearl harbor twice -- who survived pearl harbor twice. initiated. neural speeds increasing to 4g lte. brain upgrading to a quad-core processor. predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back with great ideas like our optional better car replacement. if your car is totaled, we give you the money to buy one a model year newer. call... and ask one of our insurance experts about it today. hello?! we believe our customers do their best out there in the world, and we do everything we can to be there for them when they need us. [car alarm blaring] call now and also ask about our 24/7 support and service. call... and lock in your rate for 12 months today. liberty mutual insurance. responsibility. what's your policy? >> john: president roosevelt declared december 7, 1941, a day that will live in infamy. on this anniversary of the surprise attack on pearl harbor, william la jeunesse introduces us to a remarkable man. who survived attacks on two battleships. and is now finally at rest with his fellow sailors, who died that fateful day. >> more than a year, radio third class glenly was on the uss arizona. on morning of december 7, he was about to take shower when the sounds of war boom outside. >> tried to sell some of his friends and they were like oh, lane, you always tell the april fool's jokes. get out of here. he said this is no april fool's joke, buddy. look out the window. >> this is the hat my dad wore. >> lane's youngest daughter trish anderson sat down with fox to talk about her father's life. >> he loved to share a story and he remembered every minute detail as if it happened yesterday. >> japanese warplanes buzzing the hawaiian skies, lane forced his way to the deck of the arizona. he helped put out fires before an explosion sent him fly manage the oil filled water. lane eventually made his way to the uss nevada desperately trying to escape the japanese attack. but it, too, was knocked out of commission. >> he is the only guy we know of in history that was on two battleships on december 7. i remember asking him one day why he swam to the nevada when other guys swam to fort island. an about four hours later he was almost through telling me the story. >> over the years, lane enjoyed talking to school kids and anyone else who wanted to hear his harrowing tale. last december, lane died at age 93. a few months ago trish and other members of the lane family gathered in hawaii for a service on the uss arizona memorial. lane's ashes inside an urn made by his son tom were carried by scuba drivers and entombed in gun number four. right given to all survivors of the upp ship. >> he never called himself a hero. peel would go you are such a hero. he said no, the heros are still down in the ship. >> william la jeunesse, fox news. >> john: after the attack, lane spent ten days on a hospital ship recovering from his wounds. this will tell you why he swam to theness. he was dedicated. he returned to service fighting battle of coral sea and midway. a the war he stayed in the navy and flew missions as part of the berlin air lift and served in vietnam. free speech could cost one consumer close to $1 million. they make millions off the 99%. but do music stars put their money where their mouth is? grapevine is coming up next. >> john: political grapevine. reply all failed from the police department. atlantic monthly reports a television producer worked on story about animal trafficking a month after the lapd held a press conference promising to crack down on the practice. the head of the media relations department sent the e-mail to fellow officer but accidently cced the producer. the story could be a black eye for us if we don't have arrests to show. the rabbit people will scream we don't care. is there any way you or your crew could make a few arrests for illegal animal purchase something we could avoid negative coverage? when called op it, the lapd officer said it was just a nudge to enforce the already existing law. every write a negative review on a website in this story may make you think twice before you do it. a judge ordered a woman to change negative yelp review about a building contractor. the writeup accused the construction company danieling her house and stealing jewelry. police found no connection between the company and the missing jewels. the construction company sued for three-quarters of a million dollars. the woman's attorney said it amounts to judge copy editing her review. >>> some of staunchest vocal supports of the 99% are prominent member of the 1'for vocal skills. forbes reports in the 25 highest paid musicians you will find four of them lip service to occupy wall street movement. roger waters of pink floyd made a video saying the country is being run for the benefit of the rich. he happens to be one of them. he made $88 million. katy perry visited occupy wall street with then husband russell brand and played it up on twitter and took in $45 million. jay-z told t-shirt to occupiers and didn't share the profits. kenye west turned up at occupy protest in gold chains. no word whether the artist mentioned will donate any of their wealth to the 99%ers who made them rich. >>> next week is 40 years since human walked on the moon. commanderer gene cerna turned out the lights on the moon so to speak. in the for decades, the domination of the space rights has been lost. this weekend, neil cavuto hosts a look back at glory days. "fly me to the moon" can be seen sunday at 9:00 eastern. a preview. >> there is no question in my mind creator of the universe. >> no atheists in space. once you see what you see. >> this is not two dust partials that eventually life. inconceivable. >> well put. >> the mission was over. >> i started up the ladder. and i look at my final footprint and i knew i wasn't coming back this way. the multi-multi-blue of -- multicolor blue of ocean and white of clouds. i started up the ladder. i wanted to keep this moment going for a while. >> america challenge of the day for man and tomorrow. >> you were the last human being to touch that surface. >> you were the last man to touch the surface, how does it make you feel? >> humble. >> god willing as we show return. >> for all man kind. godspeed to crew of apollo 17. ♪ ♪ >> the space program will come back. the country needs to have something to look forward to, to look up to and be proud of. what can we do in 10,000 years? my grand mother on a farm in michigan had a ring telephone no, electricity, outhouse and she walked the first guy walk on the moon. >> i would like to see the next generation leigh footprints of the moon. i hope it happens. >> get more evenly thoughts from charles krauthammer. >> i talked to kneel about that. he said those people represent a time in the country when it seemed we could do the impossible. now we can't cobble together deal on the fiscal cliff. what are your thoughts? >> humans lived in the sky for 100,000 years and finally got off the ground at kitty hawk. then it took 66 years to go from the flight a minute-and-a-half or so, kitty hawk to the moon. yet for the next 40, we lived in retreat. literally circling the space station studying the physiology of nausea. that's not what kennedy had in mind to say we go to moon not because it's easy, but it's hard. tragedy. >> going to moon is one thing. the next step is exponentially expensive than going to the moon. >> true. we have haven't used the moon. established a station as in antarctica on the moon. >> to study nausea? >> to study space. there is so much out there we don't know. heavenly body. different from earth. there are industries. everything out there we can discover. we retreated. there is also simply the majesty of it. i think if you don't, if you live in the age, and you don't glory to space travel, or to the magnificence of leaving footprint on celestial body you don't deserve to live in the age. you should be living in the middle ages traveling by mule. >> john: i am with you. watching walter cronkite covering the space race that led me to this business. when you have so many pressing interests at home is it worth it to spend money to go to mars? >> that was the argument made in kennedy's time. more post officeerty and race problems. a society always has intrinsic problems. the idea we'll wait until it's utopian one, before we venture to space is ridiculous. kennedy understood it. he infused a generation with all of that enthusiasm. now it's gone. >> i'm with you. i want to be on the first flight to mars. you? >> happy to see another launch. i missed the launches to the moon. you see it and you are changed for life. >> you are. charles, stick around. we'll be back with the panel. "fly to moon" airs sunday at 9:00 p.m. eastern. charles and panel coming up next on "special report." do not go away. my name is hunter cannon. playing sports is just my whole life. looking back, if it wasn't for shriners hospital, things would just be really, really different. i lost my leg when i was a kid. there was a time when i felt like i wasn't going to be able to walk again... it was a pretty bad accident but shriners showed me who i could be again. they turned my whole life around. they call it 'love to the rescue' and it really works. hunter's life is one of nearly a million changed by donations from people like you. send your love to the rescue. donate to shriners hospitals for children today. >>> instead of reforming the tax code and cutting spending the president wants to raise tax rates. but even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion dollar deficits for as far as the eye can see. >> what is lacking are the revenues. you cannot cut your way to deficit retacks. what does reduce the deficit are somebody, job creation. we have spending cut and medicare saving and we need re-knew. >> john: four weekends until the country goes over the fiscal cliff. bring in panel. charles lane for "washington post" with us. nina easton from quot fortune" magazine and of course, sindcated columnist charles krauthammer. get to the fiscal cliff in a second. but first, the job report this morning, 7.7% unemployment because so many people left the workforce. 146,000 jobs. the question a lot of people are asking is when are we going get back to good honest job creation to grow the economy? what is it going to take? >> political will in a word. what is interesting about the jobs numbers and the economy in general is that it's not so much the fundamentals of the economy. businesses who hire people who create jobs which nancy pelosi is looking for are looking for political will out of washington. they are looking for certainty on the fiscal cliff. certainty that debt reduction, there will be debt reduction, that entitlements will be brought under control. looking for certainty on taxe taxes. until this happens, there isn't going to be that certainly. i have to say that the republicans showed the political will. they stood up, to the conservative base. they put the re-knews on the table. what troubles me -- now that the ball is in the white house court, right? what troubles me is lack of political will on the white house, we haven't seen yet. particularly on spending and entitlement reform. voices in the deckic party saying that this was a mandate to walk away from debt reduction. that is troubling. >> charles lane do you see anything out there to give the business confidence to hire people again? >> well, there is just, i agree with nina. too many unknowns. we could add the situation the slow, steady, stagnation of europe to the mix. we could add uncertainty about where china is going to go. the troubling thing about the departure from the labor force of so many people that is offsetting the increment is jobs is that over time, it seems like the percentage of the society that is active in the labor force is stagnant or shrinking. that kicks back to all the problems she is talking about, the entitlement program and so forth, which depend on the active population to support them. >> john: jump to the fiscal cliff. not just to it. charles, i read your column today and you made an interesting point that a lot of people didn't make that you see this is a political move by president obama to fracture the g.o.p. majority of the house, gain himself supreme power. >> well, that is because it's clear that the economic proposals, fiscal proposals won't do anything about debt. it's clear that his pretense that we are going to have to, that you can't get to the tax hikes he wants through rising, through raising the rates, without raising rates, he contradicts himself. he said exactly the opposite. so all of this is about the politics of it. he thinks he won the election. and now he can use the crisis over the fiscal cliff to force republicans to go against the position they have had for 20 years. like bush senior with read my lips. senly create a civil war among republicans. the fact that someone here said that the ball is in the president's court. he is holding the ball, not sevenning it. they haven't -- not sevenning it. they haven't offered anything. mcconnell laughed at the offer because it was so outrageous and he wants everything and republican offers nothing in the reduction in entitlements or discretionary spending. they walk away and they won't, i assure you they are not going to offer anything. they will try to run out the clock, because what they can see on the republican side is panic, and defections. even though there are stories about unity in the house. without unity the republicans will crack. >> you always said that the republicans need to stop giving things away. and if we are going to go over the fiscal cliff make sure that it's president obama who takes us over that cliff. is there any way they can do that, nina? polls show if we go over a fiscal cliff the american people blame republicans. >> they will blame republicans. >> john: how do you make it the president's doing? >> it's going to be very difficult. he knows he is in a powerful position. he has got, he has got -- politically he has got opposition to things like raising the age on medicare on his side. not going to budge on that. he has got the fact that jeff whelmingly people want to tax the rich. even though it might be bad for the economy or bad for small businesses. it's a political win for him. so he has every interest in dragging this thing out. and hitting republicans over the head. i somewhat disagree with charles. i'm not sure he is going to take the leap over the cliff. one possible point of compromise on taxes might be the buffet rule, where you put a minimum tax on people who earn just $1 million and above. i could see republicans possibly swallowing that. but not sure >> john: charles, lately there has been talk, too, that the republicans may give on tax rate increases if they can hold the president's feet to the fire over spending. when the debt ceiling comes up next, there is talk among democrats hey, mr. president, we will support you if you want to invoke the 14th amendment and call debt unconst. to you think it will come to that? >> the president disavowed intention. he is committed to the legal position you can't go to 14th amendment route. on the other hand he is demanding that the republicans back off on their debt ceiling threats as well. frankly, you know, i think he does hold the hand here. absolutely. charles is right he is trying to provoke a civil war in the republican party. i add it's working. you have tremendous disagreements being shown on the republican side. there are even people i talk to that say the best bet for republicans at this point is to capitulate. to give in on the rates at some level. just allow a whole new situation to develop next year. see what they can make of that. >> john: hold it there. we have a lightning round up next and your choice. locked and loaded. >> always taxes. spend it on a moon base. >> john: you and newt. we'll be right back. >> john: every week, viewers vote for your choice online in the friday lightning round poll. this week, charles krauthammer pick won with 74% of the vote. get to that in a second. first, latest on the supreme court and gay marriage. nina, the supreme court will take up a couple of cases in the spring session. one about proposition 8 in california, defense of marriage act. how do you think the supreme court will rule here? give me a bet. if they uphold the lower court rulings does it oop the flood gates? >> the reason that gay marriage hasn't provoked a civil war the way abortion did, it hasn't been imposed by the supreme court or major could recall. what is done is we have been going state by state. mostly by voters. couple cases state court but mostly by voters. if the court does impease gay marriage throughout the country, it will be an, explosive political issue. >> john: charles? >> the supreme court signaled today it's ware of that dange danger. out added two questions this the party themselves had not added to the case asking whether or not faye, the federal court should have jurisdiction over this. whether the parties were appropriately before the court et cetera. this shows to me that they are looking for a way to finesse this issue. so they don't come down one way or the other, unless they absolutely can't avoid it. precisely because these are people who spent their whole lives dealing with the fall-out of roe v. wade. they have seen what it's done the court and the country. further more, they can see the political movement is accelerating among the people and there may not be a need for court. >> john: snarl >> ironically, justice ginsberg stalwart liberal of court in a speech before going on the court talked about roe v. wade as stopping the natural evolution and political accept tans of what was the more changing on abortion and that it caused the strife. the one lesson is that allow the process to develop through referenda and popular vote. if there is a change in the culture, it will happen. do not impose a rule on the country from above, because if they impose on the country same-sex marriage, it will cause the reaction on abortion. people will feel they don't have a voice and they should in a democracy. >> john: all right. you won this week's viewers' choice, 74% goes to you. what is the question? >> landslide. the question is in three months, will bashar assad be president of syria? in exile in iran or russia? or dead? >> john: and? >> john: correct answer is dead. the reason is the russians are trying now to work out a way to get him out. or asylum. he might seek asylum. he is losing territory, military assets. and the rebels are near damascus. i think what is going to happen his own people, alouites, militia he is in command of will likely kill himmor family if he tries to escape. odds are he will be dead. >> "a," dead? "b," living in russia or iran? "c," still president of syria? >> i agree with charles and say dead. this is a man who declared war on his own country and made it clear he will go down with his country. he has killed 41,000 zillians, 20% of the population is refugees. there is talk of use of chemical weapons against his own population. i think the key for the united states is do we get in fast enough that we help shape the jut come of whatever comes after assad in because al-qaeda is in there. you don't want them to get a foothold even more than they already have. >> john: how do you think it will turn out? >> there should have been a "d" because he is looking for a home in equador. venezuela and cuba. >> he could be exiled and -- >> that poe dan tick point aside -- pedantic point aside. too hot to handle. i don't think they will harbor him but i go with still president of syria in 90 days. there may be a little exaggeration of how far along the rebels have gotten. they are divided among themselves. they're not going to move on him. even if they are in a position to do it until they are organized politically on their side. to see who gets to pick up the pieces. so he may still have more time than we think. >> john: one minute left and make this one a lightning round. what is going on with michigan with the right to work legislation. it look like the legislature, the full legislature will vote for it tuesday. governor said he will sign it. how do you think it will change things in the state of michigan? fifth iest union state in the country. >> it's showing you what is happening in the rust belt. you have had it happen in wisconsin and indiana. weakening of the grip of unions. we saw when the auto went in collapse, auto company in the south, transplants did well because they weren't saddled with the union wages but also the union work rules, which are insane. so i think will be l be loosening of the grip. way to stay competitive. >> astonishing this is all happening in the heart of union land, historically. i will add to charles, because it's the lightning round that ohio is next possibility. harder go there. it would have to be done by ballot initiative, weakening the union. >> john: five seconds or less. >> i agree with everything they said and the key is eliminating the dues check off on the public sector union of michigan because that is where the democratic party gets its money. >> john: senate voted for. see where that goes. thank you all. that is it for the panel. stay tuned to see how dogs are getting around these days. i've worked hard to build my family. and also to build my career. so i'm not about to always let my frequent bladder urges, or the worry my pipes might leak get in the way of my busy lifestyle. that's why i take care, with vesicare. once-daily vesicare can help control your bladder muscle and is proven to treat overactive bladder with sympts of frequent urges and leaks day and night. if you have certain stomach or glaucoma problems, or trouble emptying your bladder, do not take vesicare. vesicare may cause allergic reactions that may be serious. if you experience swelling of the face, lips, throat or tongue, stop taking vesicare and get emergency help. tell your doctor right away if you have severe abdominal pain, or become constipated for three or more days. vesicare may cause blurred vision, so use caution while driving or doing unsafe tasks. common side effects are dry mouth, constipation, and indigestion. i've worked hard to get to where i am... and i've got better aces to go than always going to the bathroom. so take charge of your symptoms by talking to your doctor >> john: finally tonight, you have probably seen the videotape, three dogs in new zealand were actually taught how to driver mini coopers with paw activated accelerators and brakes. few believe like humans dogs should keep the environment in mind when learning to drive. >> with the number of dog motorists at an
CNBC
Dec 10, 2012 1:00pm EST
us getting a fiscal cliff deal. >> i think the atmospherics are getting so much better. we've gotten out after ka bookie theater and gone to dancing the tango with those two guys. any time you start to tango, you have a chance. >> chances of getting it done now are better. i think that's what's key. >> part of that tango is republicans cracking on tax rates. that's what president obama will be talking about in michigan today. keeping the public pressure on. but the part for the administrator point of view, tyler, is what do they live john boehner so he can bring his troops along, entitlement, spending cuts, to tell their members we got a good deal. >> john, i find it curious to find that president spent as much time as he has on the road trying to drum up support for this deal. we just had an election all about this. why does not white house figure that these kinds of appearances are helpful when both sides positions are pretty well locked in already? >> because this president and this white house have concluded that public pressure is what will make republicans bargain with him and
MSNBC
Dec 6, 2012 11:00am PST
flexibility to cut a fiscal cliff deal. the first read team is asking the question how big of a deal will we see? governor christie meets with president obama this time at the white house, and it is just one of the things we thought you should know. be sure to check out our "news nation" tumblr page. you find behind the scenes pictures, and thank you for checking it out and liking our pictures. ♪ ♪ [ male announcer ] campbell's green bean casserole. it's amazing what soup can do we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. [ man thinking ] oh, this gas. those antacids aren't working. oh no, not that, not here! [ male announcer ] antacids don't relieve gas. gas-x is designed to relieve gas. gas-x. t
MSNBC
Dec 6, 2012 2:00pm EST
something in return. but not all house republicans, of course, are on board. >> the president is not interested in real policy solutions by what he's proposed. he's interested in politics, and that's the challenge we have, getting through that. >> and let me bring in our "news nation" political panel for this thursday, michael skirmonish and chris kofinis. eugene, we have the president in northern virginia meeting with the santana family. in her tweet or e-mail to the white house under the encouragement of the white house to tell how they would be impacted by a tax increase, she says in part, we truly are a picture of the 21st century middle class family, so $4,000 means we would lose much of our hope of growing our new business. you hear the republicans talk about small business owners and entrepreneurs, and here's a face of at least one family that says they could be socked if a deal is not reached. eugene. >> that's right, tamron. this is the president continuing to put on the pressure. he's winning the public argument. this is the more favorable field of battle for him, is out in public opinion. he's out in the country. so he continues to do that. the more favorable field of battle for the republicans is inside a closed room where they still have the power of the majority of the house. so the president continues to do what's more favorable for getting the outcome he'd like to have. >> michael, i hate to bring you in. i hate to say this is how the game is played, but at this point it's about optics because both sides put the first proposals on the table. here you have this family, the face of america or so many americans talking about the punch they will feel. this at a time, michael, when there's a new poll showing 65% support higher taxes on households making over $250,000. talk strategy, and does this one impress you where the president is at this home? >> well, i'm glad you used the word optics, because that's on my mind. i think the optics favor the white house at this stage. this is a complicated subject matter. there's a lot more at stake here than just whether they raise taxes for the wealthiest of americans. that's the take-away. in the 20-second sound bite world that we live, that's the message getting through. republicans are standing in the way of taxes being increased for the wealthiest among us, and that's bad messaging for the gop. so advantage to the white house in that regard, and you're starting to see some cracks in the armor. i thought it was very significant yesterday when senator coburn expressed a willingness now to think differently on that issue. if there's momentum, tamron, i think it's on the white house side of the aisle. >> and to your point, louisiana governor bobby jindal has an op-ed, and he wrote in part, any reading the headlines over the past week indicates that republicans are fighting to protect the rich and cut benefits for seniors. it may be possible to have a worse political positioning than that, but i'm not sure how. that's a republican who certainly is trying to put his name out there after the election. he says if there's something worse going on, he can't see it. >> i think there's a marked difference between this negotiation and what took place two summers, i guess, ago between speaker boehner and the president when frankly i thought the white house did a poor job of its advocacy for its own position. this is different. it's as if they learned i lesson. they're digging in deeply this time around. they have the wind at their back because of an election result. it's a strategy. as you mentioned he's campai campaigning today. it's like the campaign didn't end. >> chris, let me bring you in. a lot of people talk about this latest interview with secretary geithner. let me play a little bit of what he had to say regarding the fiscal cliff and the threat that looms. let me play it. >> when it comes to raising taxes on the wealthy, those making more than $250,000, if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> so is it a bluff when the obama administration says they're willing to go off the cliff if a deal is not reached on rates? >> i don't think it's a bluff. if you look at the reality of what happens, all the leverage which i -- right now clearly the white house has. they get more leverage if we go over their cliff. you can argue that would not send a good message to the country, to the world. it would prove that we are dysfunctional and cannot govern, et cetera, et cetera. in terms of dealing with the policy problem, which is you have this massive and growing debt, you have to bring in more revenues. there's multiple ways to do it, but critical ways to raise rates on the top end. it was what the election was about. republicans want to play the game where they think they get something. at the end of the day they lose worse if we go over the cliff. >> that's an interesting insight because you have alan simpson on the "today" show asked dp one side is a winner or loser off the cliff. here's what he had to say, chris. >> when you have leaders from the administration saying i think it's to the advantage of the democrats to go off the cliff or i think it's an advantage of the republicans to go off the cliff or the president to go off the cliff, that's like betting your country. there's stupidity involved in that. >> chris? >> well, listen, you know, i'm not saying it's necessarily the best policy course. i wish people could sit down and negotiate this, but at the end of the day think about it from the president's perspective. is he going to agree to a deal with the republicans that has no rate increases, that talks about closing loopholes when republicans won't specify which loopholes. you don't want to go over the cliff because it's bad for the country and sends the wrong message. at the same time, the president has to make it clear to the republicans he's willing to do it. it's the only way to force the republicans to accept something they seemingly are devoid of accepting. >> eugene, let me bring you in. i want your thoughts. we'll have this as our "news nation" gut check. do people agree with the obama administration, this threat of going off the cliff if rates aren't reached. here's what nancy pelosi had to say about geithner's remarks. let me play it. >> if there is no agreement, then the fiscal cliff has to be dealt with. i didn't see it if they decent this, we do that. i saw it as a statement of fact. it's not a threat. it's a prediction. if there's no agreement, we go over the cliff. let's hope we can have an agreement. >> what do you make of the way she put it? it's not a threat. she said, listen, these are the facts. >> nice little economy you have there. nice little economy you have there. it would be a shame it if anything happened to it. that's not a threat. look, we have to start looking at what happens if we do, in fact, go over the so-called cliff, and what happens is, you know, one thing is we take a huge bite out of the deficit. we do it in a crude may, and there would be immediate attempts to fix it and fine-tune it and take some back. some would probably get through. if you actually want to look at it from a policy standpoint, it may not be the worst possible option to just go over the cliff and then put back in the tax cuts and the spending increases or renewals that you'd like to put back in. so, you know, worst things could happen. >> well, listen, alan simpson and i go back to his sound from the "today" show, eugene. he said anyone talking about it in that way, there's stupidity involved. he didn't say, eugene, you better not because you're my buddy, but the reality is even our first read team says this notion or all of this media hype about going off the cliff from some of our colleagues is overstated. to their point a deal is in sight, that's why boehner and the president spoke yesterday. it's a matter of how big. will they separate the tax cuts from a larger needed plan later down the road? i guess what you folks in d.c. like to call "kicking the can." >> yeah. i do think it's likely there will be a deal. it's likely to be much closer to the president's terms than to the house's terms because the president has the leverage in this negotiation and the wind at his back as smirk said from the elections. so we're going through this sort of kabuki drama a little while longer. the president doesn't mind stretching it out a while longer because, as i said, he's winning. >> and especially when you have someone like this lovely family as a backdrop saying, here's what will happen to our family. we want to open a small business, and the president is there in this moment listening to their story. what is the counter for republicans? i don't know. having mitt romney or some really rich person behind them being comforted? so the optics are not equally matched. i want to talk about senator jim demint and his resignation. we knew he would leave the senate. this timing surprised people. he said in his resignation, michael, i'm leaving the senate and not living the fight. i've decided to join the heritage foundation at a time when the conservative movement needs strong leadership in the battle of ideas. dick army left his conservative group and senator demint making this transition to the think tank. is this another impact of the election? another consequence of the election? >> yeah, i'd love to know what his republican colleagues are saying behind closed doors. from my perch, you know, this is a guy who played a significant role in costing the gop about a half-dozen seats that they otherwise would have won. look at what happened in i understand. look at what happened in delaware where the mindset of senator demint seems to be one of, let's win the battle, even if we're going to lose the war. they've lost about a half-dozen wars because they put forth names that could win a primary but could never win a general election. my hunch, tamron, is politically some of the republicans are not all that sad to see him go. >> real quick to your point about the win/lose. he supported 20 candidates, 15 won primaries, 7 won general elections. in his reaction mitch mcconnell said that demint helped galvanize the american people against a big government agenda. that's at least what senator mcconnell sees there. >> yeah, right. the fact is his record was not good, and look. what i'm concerned about actually is that does this mean that the heritage foundation becomes marginiz izizaled from main street movement? heritage is the source of a lot of conservative ideas, not all of which are crazy. it's interesting to see if it remains in the conservative mainly stream or if it goes off into a fringe. >> thank you, gentlemen. greatly appreciate it. let me bring in democratic congre congresswoman from ohio. she ranks third on the house budget committee. thank you for joining us. we hope we got you at the top of the hour. >> thank you, tamron. >> what are your thoughts on the notion there's a dpeel in sight. it's a question of whether you have the bush tax cuts separate and deal with the other issues of entitlement and the fiscal issues the president wants to address as far as the debt ceiling later? >> i'm very optimistic, tamron. i think the parties are talking and there's a lot of shuffles back and forth between the white house and congress. there are republican and democratic caucuses to deal with, but i see problem. the talks haven't broken down. this isn't a middle east standoff in any way. we actually have momentum. there are specific proposals on the website by the president. there have been proposals on the republican side. they're continuing to talk. i think it's all positive. >> where do you see progress specifically? we don't know the details of the conversation yesterday, but where do you see progress? >> what i really like about the president's approach is that he's holding the line on what he campaigned on in the election. that is that if you are middle class and you earn under $250,000 a year, you shouldn't have your taxes go up come january 1st. that would cost the average family about $2,000 or a little more, depending on the number of children you have. the american people can't afford that right now with a slow growth economy. we have to keep the recovery going, and that means we have to have spending in the pockets of ordinary families. he's been holding the line on that. even the most wealthy will receive that up to the level of 250,000, but over that he's saying you have to pay your fair share. >> we noted that democrats have largely almost altogether supported the president's proposal. we have not seen that same support from republicans to speaker boehner. he has the rank and file behind him, but we have conservative voices both in the senate and house criticize the plan he put on the table. with that said, again, i guess my initial question is where do you see progress? you noted where the president stood the line and been loyal to the words he offered to the american public upon re-election, but as far as these negotiations are concerned, where is the progress? >> well, i think republican voices are being raised. even lindsey graham over in the senate and in the house, you're seeing the congressman speak out from ohio. though he's leaving, he sees a path forward to an agreement. i think we need 218 to pass a measure in the house, and i think we're on the road to do that. >> quickly, we have to talk about major changes to social security and medicare. you are against it. a new poll shows that 70% are opposed to medicaid spending cuts, 51% oppose raising medicare age. where are you you willing to compromise on entitlements when that part of the conversation is dealt with? >> first of all, social security is not a part of the debt problem. it has its own trust fund. it's well accounted for. it's actuarially sound to 2040 right now. medicare we took care of in the president's bill. in terms of medicaid, there's jostling between the states and the federal government right now, but that's a bigger question that shouldn't be dealt with by the end of the december. that's a bigger question. we've already taken $1.7 trillion in cuts, and the president is put another $800 billion up on the table. i think the democratic side has been very forthcoming in terms the cuts, cuts in a way that will not harm the recovery. zoou for your time. i greatly appreciate you joining us at this point. thank you. both secretary of state hillary clinton and defense secretary leon panetta issued more stern warnings to syria today after nbc confirmed syria has loaded chemicals for deadly gas into bombs. >> the whole world is watching. the whole world is watching very closely. >> secretary clinton, in fact, just wrapped up an important meeting in russia, syria's strongest ally. "time" magazine's jim frederick will join us live about the latest developments. we know president obama and speaker boehner spoke on the phone last night, talked a lot about that even though we don't know what they discussed. the first read team says a fiscal cliff deal is in sight. what do they think the big deal will be? join our conversation on twitter. find us at @tamronhall a and @newsnation. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. [ man thinking ] oh, this gas. those antacids aren't working. oh no, not that, not here! 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okay. fijit friends. fifteen bucks on rollback. wow! that's a savings of over 29 bucks! twenty-nine bucks!!?? and they're powered by friendship. see for yourself if you could save on the brands you want. walmart. >>> leon panetta issued another stern warning to syria's president against using chemical weapons on his own people. the syrian military has loaded precursor materials into bombs is is awaiting final orders from president assad to use it on the people. one official said if assad goes ahead, there's little the world can do. meantime, secretary of state clinton met with her counterpart from russia, syria's strongest ally. they met on the sidelines of a european security conference in ireland. the special u.n. envoy to syria was at the meeting said they agreed to seek a, quote, creative solution to the syrian crisis. jim miklaszewski joins us with the latest. let's talk about the information that nbc reported regarding the syrian military and its actions right now. >> to be clear the precursor of chemicals or at least a couple that actually when combined chemically create that deadly nerve gas. we've been told by u.s. sources those precursor chemicals have been preloaded now into aerial bombs that could be dropped from the fighter bombers onto the syrian people. as of this afternoon there is still no indication that the syrians have actually put -- attempted to put those weapons on aircraft or that there's been a final fatal order from president assad to carry out any kind of attack. so it appears right now that they are in at least the preparation mode, but they're really just one step away from actually carrying out those chemical weapons attacks. we heard secretary panetta say today that the latest intelligence on what's going on with those chemical weapons is very concerns to have specifically. in regard to the remark from one u.s. official that if president assad actually gives the order to go ahead and carry out the attack, there's very little that the outside world could do. that's in reference to a preemptive kind of attempt to prevent the strike from happening. it would be just too difficult logistically and militarily to intervene. for example, if you tried to bomb the weapon sites, you'd make matters worse because those weapons could spread that deadly gas. what they're talking about in terms of consequences is some kind of retaliatory action. what would that be? some suggest it could be regime targets. the defense ministry, the presidential palace, president assad himself. >> mick, i want to discuss this new interview with afghan president karzai in kabul. he's talking about the u.s. in very harsh words. let me play what karzai said in this new interview. >> part of the insecurities coming to us from the instructions that nato and the u.s. created in afghanistan, the private security firms, the contractors that they promoted at the cost of afghan people and the way they behaved with the afghan people and the anger that has caused in the people and the resulting insecurity. >> would you say you believe that some of these would be intentional insecurity brought by nato and the united states? >> there's a very strong perception that some of that insecurity is intentional. >> karzai aaccused the u.s. of violating the strategic partnership agreement. he said his forces would be ready to take charge when the u.s. completes its withdrawal at the end of 2014. obviously, the remarks we played are those getting a lot of attention. >> you know, the remarks or the response here has been pretty muted. i can tell you the feeling here is that his remarks that the u.s. is intentionally involved in trying to intimidate or provoke the afghan people, you know, that borders on silliness. the response pretty much is it's karzai being karzai. trying to assert himself in terms of going up against the americans and stressing that everything is about afghan sovereignty, which has been a sore point for many afghan citizens. so he's playing to his home audience. not sure it's going to cause any change in the way the u.s. strategy is being carried out or the way the u.s. officials approach karzai and the problems there in afghanistan. >> mick, thank you. let me bring in "time" magazine international editor jim frederick. we wanted you on to talk about, obviously, the situation in syria. let me play what senator john mccain just said at a news conference in the last hour. let's play it please. >> looking at it from assad's viewpoint, they see us leave iraq and return al qaeda in iraq. we've seen nothing but aannouncements of withdrawal from afghanistan. we've watched al qaeda elements able it to destroy our -- or damage severely our consulate in benghazi and kill four brave americans. the message has to be sent that the united states is engaged. that the united states is ready to be involved, and the united states is ready to do whatever is necessary to prevent an act that could endanger or take the lives of literally thousands and thousands of innocent people. >> senator mccain obviously blending in every issue he can possibly put on the list there. but in reality i think that sound clip points to the difficulty the president will have on any decision that comes out of this. he's going to have opposition or second-guessing from john mccain and his supporters, but what are the options if, in fact, syria makes this move? >> i think that option number one is to let russia try to do something. it's really the only country left that has a significant amount of influence when it comes to assad and assad in terms of political maneuvering. so clinton met with the foreign minister of russia, and that's our greatest hope right now. is russia can do something. russia is softening the position on regime change in syria, because i think that they see the syrian regime, this might be an indication we're entering the end game. their job is to ensure that assad doesn't go from even though he's killed 40,000 people, he has been a fairly rational and self-preserving actor here. bombing them with sarin gas means he tipped over into utterly irrational and the whole world has a big problem on his hands. >> this brings up the question of should more have been done earlier, and what were the options? >> it's easy for senator mccain when you're not in power saying we should do all things. the thing we should remember is regime change, libya, egypt, iraq, it very rarely goes well. >> the consequences of regime change, even when it's supported. >> right. in syria there are so many more competing factions for power, that i think a regime change in syria, we might be in for a whole different category of problems. to say that the united states should just walk in there and designate a new leader or do whatever it takes, i mean, that itself is a little naive and easy to say when you're not sitting in the chair. >> thank you very much. coming up, i talk with congressman bill pascral who wroelt a letter to make an urgent request about the alternative minimum task. he said failure to increase federal taxes for half of the people in his state. plus, treasury secretary tim geithner says the obama administration is, quote, absolutely ready to go over the cliff if republicans refuse to raise taxes on the rich. do you support that decision? 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[ humming ] plays a key role throughout our lives. one a day women's 50+ is a complete multivitamin designed for women's health concerns as we age. it has 7 antioxidants to support cell health. one a day 50+. >>> welcome back. people in washington are lighting up to celebrate the state's new marijuana law in effect. at midnight last night it was, and it's part of our news around the nation. speaker john boehner may have the conservative critics, but the "new york times" supports they have more support than the rank and file before, in fact, giving him flexibility to cut a fiscal cliff deal. the first read team is asking the question how big of a deal will we see? governor christie meets with president obama this time at the white house, and it is just one of the things we thought you should know. be sure to check out our "news nation" tumblr page. you find behind the scenes pictures, and thank you for checking it out and liking our pictures. ♪ ♪ [ male announcer ] campbell's green bean casserole. it's amazing what soup can do we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. 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[ male announcer ] antacids don't relieve gas. gas-x is designed to relieve gas. gas-x. the gas xperts. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> welcome back. with just 25 days left to avert the fiscal cliff and after yesterday's hot rhetoric on the campaign trail, our first read team says there's a light at the end of the tunnel. they write perhaps some of our media brethren should stop with the sky he is falling headlines. they say a deal is in sight. the only question is how big. today the washington post reports republican centrists and they're calling on speaker boehner. joining me to talk about it, mark murray. so the something in return, what would it be specifically, mark? >> there are two options on the table if republicans do budge on taxes. that seems to be where everything is moving. the one option is they kind of resolve the tax issue and kick the can down the road on entitlements and the debt ceiling. we have a big fight over those in the spring our summer of 2013. option 2 is the big deal, and you have everything on the table or at least the framework to do all the things. so taxes, entitlements, debt ceiling, maybe a little stimulus here or there where all sides give-and-take a little bit. that's the big deal. tamron, getting the big deal is more complicated. it is always harder to do these types of deals, but there would be legacy components for president obama and house speaker john boehner if they can get one done in the next couple of weeks. >> we know things change day to day, comparing the ton yesterday. we started the show with any and everyone saying whether they would budge or not from members of the house, the senate, and, of course, the president included, and then today you have this moment right now where the president is in northern virginia with an american family who wrote saying that they would be greatly impacted. in fact, their small business they want to start they feel would be impacted by this. there was a phone conversation last night between the president and speaker boehner. to your point about those in the media believing that the sky is falling, that maybe we should stop being chicken little that said the sky is falling? i don't know. can't keep up. >> when you bet on washington getting things done, there's always a heavy does of skepticism. we saw during the debt ceiling fight just a painful ordeal there. it is very hard to get things do done on capitol hill. it's always been that case, but there are things that are kind of moving where you look at the fact if republicans are under the understanding that somehow they have to budge on taxes, they might start asking, what can we get in return? if they actually put things like entitlement reform on the table and say, this is what we want in return, it's very possible that the obama white house ends up meeting them more than halfway on some things, and that's how you get a deal. >> mark murray, thank you very much. let me bring in new jersey congressman bill paskrell. thank you for your time. i want to get your reaction to what mark murray just reported, moving down the line it's possible the president will make a move regarding entitlement reform that might not set well with some progressives. what is your take on that being a possible development if, in fact, the deal is reached on, first of all, the bush era tax cuts? >> i think mark is on target. i think we have a short-term solution here. that is to provide the sustained tax cuts for the 98% of americans who are in the middle class, and 97% of small businesses. then make a framework, provide a framework so we can have a long-term settlement finally on tax reform. that's going to come. it's similar to what senator bradley, remember him, in new jersey did in 1986 when we reframed and reformed the tax code. i think that's necessary. that's just as important as the tax cuts for the middle class, i believe. now, if we can settle on a framework at least to get to that within this first three or four months of the next congress, i think, tamron, we have a deal going here. it's possible that we can get this done before christmas. >> but one of your concerns and you sent an open letter regarding the fact in this deal you do not want the alternative minimal tax to be forgotten here. >> absolutely. we have that problem every year. it affects more people, more middle class people. nobody even knew what the alternative minimum tax was 8, 9 years ago. now more and more americans, millions are susceptible to it. if you have to patch it for another year, i would hope to get a final solution to that situation very, very shortly because we cannot have that anxiety hanging over folks as they go to pay their taxes in february and march of next year. >> absolutely. another issue, i guess, that is seen as a complication but one that must be addressed the president says, the debt ceiling. i want to play what senator mcconnell has said regarding the president and the portion of his proposal that included the debt ceiling. let's play it. >> the last person who should have limitless borrowing power. look, the only way we cut spending around here is by using the debate over the debt limit to do it. >> i bet you don't agree with that? >> i don't agree with that. we've seen what happens. we've been brought to the brink and don't want to go back to 1995 when the folks walked out and government was shut down. what did we accomplish? i think even mr. gingrich would want that one back of a few years ago. look, there's no question in my mind we have to look at the entitlements in order to finish this deal next year. the fact is that social security doesn't add one penny to the deficit or the debt. let's get the facts straight on this. we've been looking at these entitlements, scrutinizing them. we've had bipartisan changes to social security to make it sustainable. we can do that again. don't blame social security and medicare for our problems. i would say a major part of the problem is health care expenses, and i think the affordable health care bill attacked that issue particularly. if we don't lower health care costs, we are not going to get the budget in balance regardless of what we do. >> we have below you daishg you can't see it. a new poll was taken. a majority didn't want to see cuts in medicaid and didn't want the eligibility age increase for medicare. >> you're absolutely right. you put more burden on the states. right now the states are struggling to keep their head above water as it is. if you put that burden on the states, then they are going to move accordingly to the towns and their taxpayers in that particular state. in my state of new jersey, we pay an exorbitant amount of federal taxes. we're a donor state and we provide the necessary dollars so we spread it out according to the wealth. this is important. this is a critical concept in our capitalistic economy. the more you make, the more you pay in your share. tax reform is a real drag-out battle next year, because we deal with a subject laid on the side for all years while we go through these budget emergencies as you would say. we need to attack that, attack it head on. we need to, i believe, move into the era of taxing wealth more than income. i think that's very important for the american people so we come up with a fair tax code. don't forget, most of the tax code is written by folks that are millionaires and billionaires who have lawyers. you don't have a lawyer and i don't have a lawyer. to do these things to make it fair. we are behind the box every time we start to have this debate and discussion. we want fairness in this system. we want everybody to pay what they're supposed to pay. there's no question about that. i don't think that's been happening, tamron. when you talk about tax reform, put it all on the table. >> it sounds like you're telling us to strap in because it's quite a battle now and in the new year. thank you for your time. >> nice talking to you. >> thank you. coming up a grammy battle. did you hear this? between the first lady and the former president. it is just one thing we thought you should know. a little grammy news mixed with politics. plus a face-off in court between two of the world's top smartphone makers. apple wants some samsung products banned. they don't want them sold in the u.s. how this could impact the tablet market and smartphone market. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. 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"are you a cool mom?" i'm gonna find out. [ female announcer ] swiffer wetjet's pads are better than ever. now they have the scrubbing power of mr. clean magic eraser so you don't have to get down on your hands and knees to scrub away tough, dried-on stains. hey, do you guys think i'm "momtacular" or "momtrocious"? ♪ [ female announcer ] swiffer. now with the scrubbing power of mr. clean magic eraser. without freshly-made pasta. you could also cut corners by making it without 100% real cheddar cheese. but then...it wouldn't be stouffer's mac & cheese. just one of over 70 satisfying recipes for one from stouffer's. with his wife, danielle, almost every weekend. derrell hasn't been able to visit his mom back east in a long time. [ shirley ] things are sometimes a little tight around the house. i wasn't able to go to the wedding. [ emily jo ] since derrell couldn't get home, we decided to bring home to him and then just gave him a little bit of help finding his way. ♪ [ laughs ] [ applause ] i love you. i love you, too. >>> the world's top two mobile phone makers will reignite a patent battle today and it could affect which phones you can use. lawyers for apple and samsung return to court in less than two hours. at the heart of the hour, samsung wants to overturn a verdict that they copied apple's technology. now apple wants to keep samsung devices like smartphones and tablets out of american store. this all basically started in the summer. >> the trial end theed in the summer. they said you owe apple a billion dollars. they're going back and aapple is saying they want more money, and samsung says they want to pay them less or nothing at all. apple, of course, has their secret weapon, this list of products they want samsung to stop sell negotiate u.s. >> to get them to stop selling these products is equivalent to hitting them where it hurts. the billion dollar settlent is a big deal but forcing products off shelves would be a problem. >> that's how you stick it to the competition. samsung is probably the biggest smartphone maker next to apple, so this is the real competition. >> sticking it to samsung is sticking it to people who own these products? >> light of the products that apple wants to ban are older products not for sale anymore. samsung is smart with their latest generation. they make them just different enough they would not be covered by this. >> there's other news regarding apple, and they will start to make macs in the u.s. again. >> they used to here in the u.s. over the years that moved overseas. some may come back with the i-macs and desktops. that's a win all around. >> there was interesting news regarding the markets and apple yesterday as well. are they -- i guess they're on solid ground as we've seen before? >> apple stock is all over the place. some of it is people predicting the sales for the fourth quarter and a lot of court cases. a lot is people are unsure about the economy these days and the post-steve jobs era. >> even around christmastime when the products are popular as gifts. >> you think retail sales would translate well because there's so many other issues there besides how much they sell in the store. >> it's interesting. we'll see what happens with this case and if it has an impact of consumers that own these products. thank you very much. >>> marijuana is now legal under washington state law. that tops our look at stories around the "news nation." take a look. that's how they celebrated in washington state. the news came down after midnight as you know at the seattle center. it allows people to possess up to an ounce of pot, but they cannot smoke it in public. that looks like public to me. the police department will issue verbal warnings to violators. that explains the public video. lawyers for software company founder john mcafee sought guatemala denied his asylum. they detained him for entering the country illegally. he's wanted for questioning in connection with the murder of his neighbor. he denies any involvement and will likely be deported. the duchess of cambridge is resting at home this morning. she left the hospital where she was treated for severe morning sickness. today prince charles made his first public comments since the news broke that she's going to have a baby. >> i'm thrilled. very nice for grandfatherhood in my old age, so that's splendid. i'm very glad my daughter-in-law is getting better thank goodness. >> so the hospitalization prompted the palace to aannounce the pregnancy earlier than they wanted to. today's "news nation" gut check is up next. we're talking about treasury secretary tim geithner's comments regarding the possibility of going over that fiscal cliff. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> absolutely. >> so do you agree with the obama administration's decision to go over the cliff if tax rates on the wealthy don't increase? you can join the "news nation" on facebook. we're at facebook.com/newsnation. ♪ if it wasn't for you ♪ don't know what i'd do ♪ i'd have nothing to prove ♪ i'd have nothing to lose [ male announcer ] zales is the diamond store. take an extra 10 percent off storewide, now through sunday. this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. that's what may help lower your cholesterol and -- well that's easy restore revive rejuvenate rebuild rebuild rebuild >>> there's so much going on today. new jersey governor chris christie met with president obama this morning to request federal aid to victims of superstorm sandy. the president is expected to ask congress for about $50 billion in emergency assistance. christie has said new jersey alone will spend almost $37 billion on rebuilding. michelle obama is competing with bill clinton for a grammy for best spoken word album. the first lady red the audio version of "american grown," the story of the white house garden. the former president narrated his book "back to work." those are a couple of things we thought you should knowment time for the news narc gut check. treasury he secretary tim geithner told cnbc yesterday that the obama administration is absolutely ready to go over the cliff if republicans refuse to raise tax rates on the wealthiest americans. take a look. >> when it comes to raising taxes on the wealthy, if republicans do not agree to that is the administration prepared to go over the fiscal cliff? >> absolutely. there's no prospect to an agreement that doesn't involve the rates going up on the top 2% of the wealthy. >> orrin hatch called that one of the most stunning and irresponsible statements he's heard in some time. what does your gut tell you? do you support the obama administration's decision to go over the cliff? that does it for this edition of "news nation." thanks for hanging with us. i'm tamron hall. we'll see you tomorrow. "the cycle" is up next. o think medicare and... social security are just numbers in a budget. well, we worked hard for those benefits. we earned them. and if washington tries to cram decisions about the future... of these programs into a last minute budget deal... we'll all pay the price. aarp is fighting to protect seniors with responsible... solutions that strengthen medicare and... social security for generations to come. we can do better than a last minute deal... that would hurt all of us. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card. apply online or at a bank of america near you. >>> 26 days until the fiscal free fall. we're hard at work today. we have lawrence o'donnell, and he gets the first word trait ahead. >> see what she did there? he normally gets the last word. the big news from the senate today, they saved us from the slope. there's a resignation to talk p about. >> guess who made this year's list of the world's most powerful people? here's a hint. toure just missed the cut. >> here's why i take issue with the cut. picture people, toure2016.com. >> time's up. it's thursday, december 6th, and you're in "the cycle." >>> and so it
PBS
Dec 5, 2012 12:00am PST
with president obama today about what they need to see in a fiscal cliff deal. we talk with delaware governor jack markell. >> susie: i'm susie gharib. a coalition of the nation's top c.e.o.s is feeling pessimistic about getting a fiscal cliff deal.
FOX Business
Dec 10, 2012 6:00pm EST
both sides say the lines of communication are open. getting a deal to avert the fiscal cliff, president made it very clear he is holding the line on hiking taxes on the top 2% of earners. customizing a little bit with republicans. joining us, peter barnes. what exactly is he willing to compromise on? >> on the big item, the big kahuna. increasing taxes on families earning more than $250,000 per year history leaving the door open to a compromise on higher tax rates, higher rates. when anas repea asked repeatedls demanding the top rates return to the clinton administration in and the top rate was 39.6, he does not say yes, have to have that to get a deal. but he is not backing off his demands rates go up by some amount of wealthier families so the buzz is he might settle or compromise for something in between like 37%. there is speculation the president might compromise on the cut off my degree and a higher threshold by 500,000 per year before higher rates would kick in. in a speech in detroit the president extended a little olive branch republicans. >> i have said i would work
CNN
Dec 2, 2012 9:00am PST
part of the daily negotiations on this fiscal cliff deal, although he is hiding from the press, which is an interesting game. as he kind of emerges, we know that marco rubio is running. he has already been to iowa. they both have these roles. what will a fiscal cliff deal -- will paul ryan get blamed if he does, and marco rubio can he turn the party around with some push for immigration reform? risky with the base. >> it also is interesting in these kind of years where the republicans have now suffered a loss. clearly mitt romney is not going to be the party leader. they don't actually have one, and you watch the wilderness lap for a while. >> you know, candy, i hate to say this because i know we want to play along for 2016, but i think part of the problem in washington is everyone is so focused on the next election it's always an excuse not to get something done. i think the american people think we just went through an election. now please now that you all have jobs, could we actually solve problems and get something done? you know, 2016 will be here way too soon, and people,
ABC
Dec 6, 2012 6:00am EST
. jones rose 82 points yesterday. investors appeared optimistic president obama fiscal cliff deal be reached in about a week. today thee mortgages, obama administration will seniors be really careful before signing those. a new starbucks store is likely to a neighborhood near you. the coffee giant plans to open cafes across the country over the next five averaging two new stores a day. >> 6:26 right now. go in as a 2.5 point favorite. >> the goal is to secure a playoff spot. the baltimore ravens have a big challenge of defending against robert griffin iii third. >> he is still a danger of the of his rookie season, but the proready in of fame so to speak. he said the nfl season -- single record by a quarterback. in case you forgot already, thursday, they beat the giants 17-16. >> hockey returns to the verizon least for one night. the game starts at 7:00 and is sold out. welcome boost for businesses in the area. >> positive signs in the nfl -- nhl after a nine hour meeting between players and owners. >> a lot of issues. there continue to be some issues between the two parties. the play
CNBC
Dec 4, 2012 12:00pm EST
>>> nokia can raise cash by taking pictures of kate middleton on nokia cameras and selling them to the tabloids. that does it if for us on this tuesday. back to headquarters, wopner and the "fast money halftime." >>> it is time for the halftime show, four hours until the close. here is where we stand on the street. the dow is hanging on to positive territory by just about 17 points. you look over my shoulder here, s&p, nasdaq negative. here is what we're following. the path to 1600, street strategists says will get there sooner than you think. he'll tell you exactly how. open house, toll brothers wows the street. should the stock make a move into your portfolio? we debate that ahead. first our top story, dueling over a cliff. now that the white house has rejected the latest offer from republicans, where do negotiations go from here and what does it mean for your money? our traders for the hour with us. joe, right to you. the other day you were bullish. you were fighting with me why you like this market. now today you're cautious. tell us why. >> what i have done is begin to pare down risk. to use the word cautious is correct. back to november 16. it seemed at that moment when the s&p was trading there were policy makeers in washington, d.c., responded to the market. pelosi talked about the market on that friday, and that's where the encouragement came. i think where we sit now the market is going to force the hand of d.c. policymakers. i still think we get a fiscal deal cliff done. the data we saw yesterday was lousy. the employment component was the worst we've seen since september. i think on friday we're going to get a horrible unemployment report. i think the market is going to force the hand here to get a deal done. this is a tactical call. >> joe has gone a little sour on the market. where do you stand today? >> i'm going to stay as pos 0 tiff as a week ago. you look at the s&p and that's why i will stay positive. sitting around 1407. it broke through key levels and has moved back higher. 1425 on the s&p for an area to break above. so i think i will agree with joe, though, that right now with the data you have seen, with the ism number you saw yesterday, washington has to get something done. i think a deal will get done and the market rallies. >> steve weiss, does the data change? you have a guy who has been bullish, did defending the market every move lower. it's come back and he's defend ed it. >> i departmeidn't see the markg much between now and then. if you're really squoeoverweigh equities, you're playing for one thing, for a resolution, the fiscal cliff that you can live with. we've had china come, the chinese markets are down. our markets are not believing that. europe continues to worsen so there are lots of issues out there, lots of reasons to be negle negative plus corporate earnings. i remain cautious. >> the former chief economist and vice president biden, tony worked in the bush 43 white house, both cnbc contributors. good to see you both today. is the white house going to accept anything but tax rates going up? >> well, they've never completely closed the door on that. >> it's like maybe just a crack, and i mean it's a small crack. >> yeah, and it's a very small crack and it might even be closing. they are very much about the high higher rates. the thing that i think the white house is having legitimate problems with in this new offer from john boehner is the lack of specificity. tony and i argued this a lot. he makes a great point. do we have to argue about rates versus base? is we can talk about base. and at this point republicans have done the same thing mitt romney was doing. $800 billion in new revenues from unspecified chose urs. the time for that is past. i'm glad they're coming with a counteroffer. they have to put specifics on the table. >> tony, under any circumstances, as you sit here right now, are republicans going to agree to let tax rates increa increase? >> look, i find that almost impossible for republicans to do, at least before december 31. i think everyone understands that it is the single thing that the president wants more than anything else. you can sack rifice just about anything to get the top two rates. so i don't see republicans getting on that issue. i think what you are seeing, and i do give credit to speaker boehner for rising above, bring in the proposal yesterday and getting the full republican leadership onboard, talking about specific numbers and maybe see the beginnings of the con turp of an eventual agreement. but it's just not going to cut -- i don't see how it comes before december 31st and it's going to have to happen. not going to take an active vote that way. >> let me reflect. two things, first of all, i actually think we're going to get a resolution to the fiscal cliff. i just think it's going to come after we go over. so that's not unlike -- >> we agree. >> the idea there is actually republicans can claim a tax decrease. that is you can take the rate down from 39.6% to 38% or 37%, something like that. the president gets what he wants, which is higher rates. the republicans can claim victory as well because they're lower than they would have been otherwise. >> tony, let's assume we do, in fact, go over the cliff. as both you and jerrod suggest that we likely will. the market will likely go down and go down hard. a new poll suggested if we do go over the cliff that republicans are going to be the ones who are going to be blamed. how will we deal with that with the market being held hostage by these negotiations which seemingly, at least in public, are going nowhere? >> first of all, i think the markets might be better to listen to me and jerrod rather than whoever is telling them this could absolutely get done and the republicans will cave and that's just what's going to happen. i mean, they should listen to us more because the politics of this are really, really important and make it very difficult for the sides to come together before january 1. i think it makes it really hard. we should be pleasantly surprised if it happens. i think there are people who want to have it happen beforehand. we need to prepare them for the more than likely case that is we're talking about january fixes on this stuff and not december fixes. >> and i also don't believe that the market necessarily goes down hard. i think it does go down. i think if there's a plausible, credible plan that just isn't complete yet on december 31, the kind of scenario i was discussing earlier, i think the market could take a relatively small hit. >> i just throw out the number 777. do you know what that number represents? >> i was standing next to president bush watching the t.a.r.p. vote go down when that came up on the screen. i'm very, very familiar with it. i don't think that's the same kind of scenario that we're looking at today if the messaging from policymakers in washington is good enough to talk about how we can deal with mitigation of some of the fiscal cliff. >> it's great to have both of you with us. i appreciate your time very much. thank you. have both of you back soon. you've heard the arguments. they said the markets shouldn't be looking at this so much. how are up trading the action we're hearing as you sit there in chicago today? >> well, i'm putting on positions that are less susceptible, scott, to some of the volatility that i anticipate is going up. i mean, the vix is up 14% since last friday. the reason, again, the president's offer and then boehner's counteroffer. that's why the vix, in my mind, has moved up as much. to steven's point as far as negativity, i see a lot of positives potentially going out there. i mean, look at germany up 22%. we take that for our performance out of our market this year but the reason that the world is waiting is if we really do push all the way up until the cliff and a decision is not made with a little bit of a look back until 2013 even if the rates remain roughly the same, i think we're dancing with the devil there and the rest of the world is already making decisions. we've seen it from the dividend pairs and so forth and the acceleration, larry el some and everyone else accelerating or declaring specials. i think all of that is potential negative going forward to 2013. >> now, guys, the market is negle negative across the board. do you agree with what both jerrod and tony made the argument as long as we get a bit of the framework in place, before the end of the year, that the market doesn't go down, in my words, hard, which he didn't think it would. what do you think? >> i don't think it goes down hard. i think it's a little bit like a down grade of the u.s. debt. our debt gets downgraded, the market will collapse. guess what, it was talked about so much before it happened that when it happened, the market traded up. we're in a similar situation. if you take a look, forget about the politics, when you take a look at who has the best bargaining position, you have to come out with who is sitting in the white house. if he does nothing, it's exactly what jerrod said. i think that's what ultimately happens and then the market looks to next year and then the market goes up. but we don't -- i don't see a very big hit to the market from a deal not happening. >> and exactly what you just said is one of the reasons why tactically i am cautious here. ublicans really do not have much. golden in terms of negotiating right now. however, they can wait around for friday. if we do get a lousy unemployment report, well, then they have a little bit that they can push back against. >> explain that because of the storm. >> i don't think all it have it will be explainable by superstorm sandy. i think a lot of it is pulling back. you've seen the capital investment. >> we have to move on but i have to push back on one thing. are we talking about two different things? when we got downgraded the market went down hard. more than a trillion in value. >> but the market price. the market came right back and actually went to new highs not that long after that. once the knee jerk reaction was done. the market is being sensitized to it right now. and that's a good thing. >>> two companies that issued special dividends ahead of the fiscal cliff and if you're keeping score at home that's 103 companies thus far this quarter valued at more than $22 billion. so we see this continued parade of companies just coming out and issuing special dividends whether it's by debt, with debt, or cash on the balance sheet. >> the big one there, scott, is costco. last week when costco made the announcement, it was up 5%, almost 7% on the news. oracle moves their dividends up and the stock is flat to down on the day. coach announces a special dividend. they are down. i think the market is pricing in. it's been so overtalked about. i think the market is pricing this in a lot and special dividends will not have the same impact they had. >> good point, tok. what do you think about that? once the luster of these dividends wears off, so to speak, what happens to some of these companies? are you watching some more than others, one specifically over the rest? >> well, sure i am, scott. i still think that google and 0/or microsoft could declare a dividend bigger than all declared so far because, as you said, it's about $22 billion. both of them could easily do it that if they wanted to. but i go back to what murphy was talking about as far as going forward, a lot of the demand when you did that cash for clunkers, that pulled demand forward, demand that would have been out there months in the future. in the case of these dividends like larry ellison did, this is money people would have been getting in 2013. granted they're getting it at better tax treatment by getting it in 2012 but they are not -- >> as himself. >> there are not nearly $200 million just for him. they're not pushing this money out in 2013. that could be a little bit of a pull on a negative out in 2013 for all the ones doing what larry ellison is doing. >>> we'll hear from one of the companies, ethan allen ceo will be here to discuss his decision and why he believes it's the best use of his capital right now. there he is, he's coming up. but first, home builder tulle brothers, double digit growth. shares up 60% thus far. make room for the stock in your portfolio. shares of bank of america having the best year since 1991. a look at whether this rally will hold on to next year. with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert strategies feature is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. >>> it's a big quarter for the largest home builder. toll brothers seeing an increase in selling prices and a big drop in cancellations. is it more proof you should be buying the housing recovery? yes, says mr. murphy. no says steve. debate it. >> valuation. we have toll right now about three times book value. exactly where you are in new home starts right now and we're only selling it $370,000. stocks have gotten ahead of themselves. full disclosure, i've been wrong, a dog having its day. >> he points to 2005. you look right now it toll brothers have had had its pullback, about 15% off its peak. let's look at next year. they've said the ceo expect revenue and incomes over 20%. >> i don't believe ceos. i like to do some of my own work. >> if you look at the last four quarters, they've increased -- they were up over 40%, over 50%, over 60% and now over 70%. you want to talk about momentum, we're a company that's working. these guys, there's nothing about tol hl brothers that isn' work i working. 70% deliveries. any metric you want to use, the higher end. >> these guys are really focused on the right market and maybe three, four, five days because of hurricane sandy. >> i'll give you all that, everything you say. you are absolutely right. the question is what do you pay for? compared to historically where it's sold. >> right now -- three times book value. >> like 30 times. >> i would rather pay 50. >> the stock is trading at 30. >> ridiculous. 50% of book value and still participate. >> i'm going to bust this up. who made the most compelling compelling argument? >> i'm going to say they both did. that is impressive at toll brothers and tells you the strength. just as stephen said, very accurately called toll and he's ridden them much further than i have. now they're only about 5% of my portfolio. they were as much as 15. i've taken a lot off because of that valuation value. >> whoever says i think he's guilty and innocent? set this will one? >> stephen weiss wins. the orders were strong. 20% better than expected. this was a strong earnings report. the stock is trading terrible today. pulling back from the highs. the street does not believe the sto story. upgrade the stock and raise the targets. valuation is full. the story is known. housing recovery is here. prices are going up. it toll brothers is not responding. >> steve grasso is watching key levels on the s&p. we were talk iing about s&p 50. what are we watching? what's the exact level we need to keep in mind? >> we broke the average to the down side. 50 day is 1420. the problem is when you look at the 1405 level, this is a real soft support. below this is 1395. that's your real support. below that 200 day at 1386. >> give me a read, also, grasso, on a stock you talk with about a lot and that's bank of america. a stock moynihan was on "squawk box" this morning. stocks up 80%. do you buy here? >> it's got to close above $10.11. that level has been kryptonite for the name. if it doesn't close above there aggressively, you're probably looking at sub 9%. if we're trading, you know, subpennies. so it's got to trade above that. you've got to hold on to that level. but obviously there's a lot of scares going on with the cliff. i love this new spot with the debate. you take john's side. they're both right but if we go over the cliff, the biggest things you're going to see are the housing names be dragged right back down. >> yeah. grasso. good to see you. >> boa is one we agree on. we're both adding to it. it's a great stock. >> all right. let's do a market flash now for a check on what's moving now. what are you watching? >>> apple hit a two-week low this morning. late morning, and then we saw huge 2.36 million share trades come in. that's about a $1.35 billion trade. a lot say that's associated with option activity. the other thing is technicians are watching it. talking about the moving average and the other stock. apple continues to go lower here moving further away from its moving day average and we are watching potentially 50 day moving average may cross below the 200 day moving average. got to wonder is the stock broken? >> let's ask joey generation, the man who said apple was a generational buy a couple weeks back. >> indeed i did. yesterday afternoon i sold a quarter of my apple quick wit position. what does that mean? the appreciation is going to slow. i think it's the asset that looks most bond friendly in a bond friendly environment and on a pullback i will go back to full share size. >> these companies are in our top three trades. gold breaks below a key technical level. we're going to go to the pits to find out if it's a sign of even more selling to come. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. ♪ [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopping from l.l. bean. well, having a ton of locations doesn't hurt. and a santa to boot! 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[ male announcer ] break from the holiday stress. fedex office. it's easy to follow the progress you're making toward all your financial goals. a quick glance, and you can see if you're on track. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. >>> just about to make the turn on "halftime." let's do our top three trains. a great november in part because of this one right here, yahoo! about 12% last month. still a buy at these levels? i mean, the move that we've seen since marissa meyer has taken over, are we talking style or substance behind this? >> i think there has to be both, are scott. i'm more of a believer today than last week. the stock had the pullback we all knew was coming and now it's taking off to break out to new highs. deutsche bank was out this morning. they upgraded yahoo! japan to a buy. it is a buy here and can break into the low 20s. >> a good day for a stock that hasn't done much of late. opened lows not seen since september of 2009. you're getting the 3% rally today but otherwise ugly. >> yeah. it's kind of interesting what's going on. we've had consistently good chinese data coming out, and that -- >> which you're a big believer of. >> well, that generally drives the move in the stocks, but we haven't seen that. so, to me, the chinese news that's coming out, i don't believe all the numbers and, number two, they're still producing too much steel, cutting back on capacity or should be. that's bad for iron ore. if you look at the coal inventories, they continue to build up which means that there's less being bought as well. so i'm no longer short the iron ore names because i took long exposure off. i took short exposure off as well. i'm not buying into it. at some point they will bounce but they're still not cheap because fundamentals continue to decline. to me this is a bounce. i take any profits. unlikely you have any unless you bought it this morning when it opened lower. >> a nice concise answer. joe, dsw joining a special dividend parade, accelerating p payout to december 28. stock up almost 4%. >> yes, indeed. 52-week high, $72. takes a stake in the company. look, dsw has the momentum to the upside. what you do here is buy some protection underneath the market. you look in the footwear space at another name, a tremendous amount of cash, black friday momentum real strong. that's foot locker, fl. that's where i put my shoe dollars. >> gold is below $1,700 for the first time in some -- well, i guess about a month or so. does that mean more pain is in sto store? to jackie deangelis, the host of online sensation and it is a sensation. known as futures now. jackie? >> good afternoon, scott. well, you're exactly right. you might think that the fiscal uncertainty would be driving gold higher about but, instead, just check out this chart. at the lowest level since president obama was re-elected. just now under that $1,700 mark. what's behind the sell-off and is this a buying opportunity? let's start talking futures now. let's start with you, you and rich have been bitten by the gold bug. are you ready to throw in the towel here? >> jackie, i'm not ready yet. usually when you see a day the dollar is as weak as it is, gold is higher. what's happening today is you're seeing a lot of profit taking on gold. it's not profit taking because we're up 9% on the year. traders are worried that some deal with the fiscal cliff will call for higher capital-gains taxes so traders are getting out of their gold positions before that might take effect. >> so profit taking, meantime, rich, what is dipping below the $1,700 mark mean? is that really the right level to be watching? >> well, we gave you the level $ $ $1,706. you're looking at $1,672. every trader will tell you it is a big level here, a close below that and there's more pain. in fact, let's watch today's close, in one hour, if we close below $1,700 i think there's more down side potentially. >> okay. so that's exactly what we'll keep our eyes focused on. you know what our guys are doing. what do you think? are you buying or selling the dip in gold? logon and vote in our poll. we'll give you the results in our website and you should tune in into today's show. check that out. we have more on gold. we'll talk to harvey kanter, ceo of the jewelry company blue nile. what he sees in gold and silver demand this holiday season. scott, for now, back over to you. >> we'll look forward to the sensation in about 30 minutes. guys, let's talk gold. a few days ago we were asking when gold had this huge $30 pull back, what's going on with gold? why is it making such a move? what's the relation, if any, to the fiscal cliff? >> i think what you do with gold, you own gold. i don't think you trade gold. i think the likelihood in 2013 that there is a second half of the year recovery and growth for the u.s. market is somewhat not as bull iish for gold and for silver itself. so i think a lot of people have incorrectly placed themselves as gold and silver traders. i don't suggest doing it. >> i think what you're seeing in the gold markets right the now and you've seen early morning trades coming in and gold selling off dramatically, a lot of talk that it's some very large hedge funds unwinding big positions. the sell-off in gold here presents a buying opportunity. it's come down enough i think you can buy it here for a push back high enough. >> if you look at paulson, it's another year of bad performance. they're pulling money out. he's one of the biggest holders of gold. i would guess that he's probably selling and pressuring the market. others are following suit. so to me you can't trade gold, as squoe says, it's an emotional trade, no real way to pay the intrinsic value. i stay away. >> a good point you bring up about mr. paulson, obviously don't know what he's doing with the position that he is known to have in gold but, nonetheless, it's a good point. still to come, we tackled three stocks trading near 52-week highs and whether it's time to cash in your winnings but, first, he's considered a raging bull on wall street, why that guy right there, barry bannister beliefs the s&p 500 is on the cusp of 1600. you heard that right. and ethan allen is cliff proofing its stock by offering a special dividend. is this the best use of the company's capital? we'll ask the ceo when we come back. >>> we're halfway through the trading day. next, the island reversals, the breakouts, and breakdowns in pops and drops. plus, they say the dumb money trades in the morning and the smart money trades into the close. so we reveal what that smart money is buying and trading before that final bell tolls when the "halftime report" continues. gecko (clearing throat) thank you, mr. speaker, uh, members of congress. in celebration of over 75 years of our government employees insurance company, or geico...as most of you know members it.congress. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newscaster:breaking news. the gecko is demanding free pudding. and political parties that are actual parties!? with cake! and presents! ah, that was good. too bad nobody could hear me. geico. fifteen minutes could save you fifteen percent or more on car insurance. >>> our thesis is that with a pretty big deficit/debt problem ultimately you'll have to unwind some of the stimulus and that would be bad for the market multiples in the interim. >> well, that was one of the street's biggest bears, morgan stanley's adam parker. our next guest has an entirely different opinion and he says stocks are going sharply higher over the next few months regardless of what happens in washington. barry bannister joins us now live. barry, it's nice to see you. >> hi. >> i'd call you a market bull, but i'd be doing you a disservice. you are looking for 1600 in just the next couple of months. how in the world will we get there? >> well, we do need some fiscal clarity. i don't think we can get there without that. right now the central banks have been in the lead around the world and we need the politicians to fall in line. it's taken longer than i thought, though. >> so originally, what, you had 1600 s&p by the end of this year, am i correct, by 2012? >> yeah, the election left a lot of the status quo intact about the house, the senate, and the preside presidency. and obviously we're having negotiations right now so it's taking a little longer. one thing i would do is draw the parallels to japan. if you recall they entered a balance sheet recession in '91. they were growing by '95, '96. due to a tax increase in '97 and you know what's happened to japan since then. we have to be very careful on the policy side. >> we bring you on to make your point, we simply obviously point out the facts based on what your calls have been. let's assume that viewers watching now agree that we're going to get to 1600 in early 2013. what would you suggest that they buy? >> well, keep in mind that the largest earnings shares of the s&p are in financials, energy, materials, industrials, and those sectors would get the rating on growth confidence. one of the things the bears aren't pointing out is that since the s&p down grade of u.s. debt, the s&p is up 200 points and earnings estimates for this year are down by 11, should be the strongest part. >> barry, it's joe. the beginning of 2013, we get to 1600. the question then becomes is that some form of a secular talk? selling at that point? what happens thereafter? >> you know, we've been in a 1200 plus or minus 400 range since the late '90s. this is a secular bear market. we've been through four of them in the past 100 years, the most recent was 1967 to 1982 so, yeah, i'm a little concerned that once we get to a top p/es rerated, earnings growth not that strong, that it will be a little harder to plow ahead from that level. we'll need more growth globally. >> it's good to have you on. thanks for coming on today. we'll have you back soon. >> thanks. >> appreciate having you. barry bannister. forget the target of 1600. it doesn't mean that much to most people but what he suggests to buy financials, energy, materials, industrials, it technology. >> i couldn't agree more. not on the 1600 mark, on what to buy and what would get us there. remember, the s&p rallied about 100 points in a very short amount of time. so if we break above 1425 next level 1450, now we're looking at the 1475 level. if we do get 1500, that's a major if. i think you need a fiscal cliff resolution there. if you get to 1500 to see an additional 100 points from there i think is doable. >> i would have felt better if you said 1475 in six months and 1575 end of the year. yeah, 1600 is great in the first half of 2013, but the concern he has is on the back half of 2013. that's a bigger problem. i think that's the headline. >> up next on "halftime" hold them or fold them? three winning stocks and whether it's time to let them go. plus the ceo of ethan allen weighs in on the decision to offer a special dividend as fiscal cliff worries grow. amerie in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ thor gets great rewards for his small business! your boa! [ garth ] thor's small business earns double miles on every purchase, every day! ahh, the new fabrics. put it on my spark card. ow. [ garth ] why settle for less? the spiked heels are working. wait! [ garth ] great businesses deserve great rewards. [ male announcer ] the spark business card from capital one. choose unlimited rewards with double miles or 2% cash back on every purchase, every day! what's in your wallet? [ cheers and applause ] from investing for the first time... to investing with knowledge. the potential of td ameritrade unlocked. nyse euronext. unlocking the world's potential. to a world of super-connected intelligence. the potential of freescale unlocked. nyse euronext. unlocking the world's potential. >>> good day, everybody. on "power lunch" top of the hour, getting it done. a best-selling author and a top expert on negotiations breaks down the current fiscal cliff talks. is there a method behind what appears to be political madness? in advance of friday's jobs report, a surprising new look about what kind of companies are actually creating new jobs in this economy? we'll have some of the best job creators next hour. and, three things you need to understand about the new facebook messaging announcement. join us on "power." back to scott. >>> we'll see you in about 15 minutes. sometimes it's tough to buy the losers and sell the winners. you know that. let's play a little hold them or fold them, what stocks have made big moves of late. marathon petroleum up more than 78% year to date. joe, hold them or fold them? >> absolutely hold them. you're talking about a mid continent refiner here. secular momentum, clearly a strategy here like rg3 with your redskins, the game has changed and it's changed for years. >> all right. dish network, the stock five-year high, 45% move this year. hold them, fold them? >> i'm folding. i like the cable. not just because of comcast, but i like the cable sector better. very, very competitive. you can tell how competitive it's getting when dish is looking to get into the telephone business and get struck going which the government so far has said no. to me that's a sign if they're looking down the road and don't like the growth aspects, the core business so i would fold. >> and finally intel, the stock is one of the biggest losers this year, down 19%. so if you're unlucky enough to still have this one, do you hold it, fold it? >> if you're still in it like kenny rogers, you hold on to this one. the dividend is north of 4.5%. it's trading on its lows. you've seen recent lows for dell and some of the research in motion, so i think you can get a pop on intel here. >> ethan allen is one of more than 100 companies announcing special dividends this quarter, as the fiscal cliff looms. joining us now is the company's chairman, president and ceo, farooq kathwari. it's great to have you here. how much of the special dividend is directly related to the fiscal cliff? >> i think the timing of it is 100%. >> you did it with cash rather than debt. money is cheap. why? >> well, we have cash. we have -- we run the company in an old-fashioned way especially after the great recession. about $100 million in cash we are maintaining. when the great recession hit us, it really hit us. but in the last two years we have been producing enough cash to pay almost $50 million of our debt, $38 million in capital expenditures and still maintain $100 million so from our perspective it was good for stockholders and good for the government. they're going to get taxes this year which they most probably wouldn't have gotten. >> let me raise another issue. it's good for shareholders, you say, and respectfully, let me push back that there are those who are looking at what larry ellison is pocketing, some $200 million off the special dividend and other dividend maneuvers that oracle is doing. he's going to take home $200 million. you own a lot of stock in the company. how would you respond to the criticism that at the end of the day despite ceos who say all of this is good for shareholders that it's good for big owners of stock like you, you're going to make a lot money, more than $1 million. >> absolutely, because i'm a shareholder. in fact, it's the other way around. most ceos don't want to pay dividends because they don't own stock. i was with some stockholders a couple of weeks back. in fact, they raised the issue i was not thinking of it. they said, you know, you are one of us, why don't you give them cash? i said, yes, it's good fob stockholders. >> why do you think your stock is down 5% or so since the day that you announced the dividend? we've watched more than 100 companies come out. you say they're issuing a special dividend. the stock goes straight up. yours has struggled a bit. is that a pushback to those who would -- or from those who would say there's better use of the cash that you have? why can don't you buyback? if you love your stock so much, buy it back rather than pay a special dividend? >> well, a stock in the last couple of months has gone up 30%. this year it's up about 17%. i think the stock probably -- i don't pay much attention to why it goes down but i think the fact it goes up and, secondly, this whole question about the concern of the economy is out there. so i think that that's an issue. another question of buying the stock back, you know, i took this company private about 20 years back. and we spent almost $500 million in buying the stock back. it was great. it made sense. and today i think we need to make sure we have reasonable out there and we want to make sure that we take care of our other stakeholders. our stockholders and many other individuals makes sense. >> are you optimistic, and this will be my last question, are we going to get a deal in washington? are they going to solve this thing? are they going to rise above? >> you know they have to. and i think that it's not that complicated. running a business like ours, my focus always is increase revenues and manage costs. that is what we have to do, increase revenues and some taxes have to be increased. but then they also have to manage these costs. entitlements, medical, but it's not -- you know, it's simple. it's got to be done both ways. >> i'm going to get you one of these pins. rise above. you'll wear it? >> i will. >> kathwari thanks for coming in. he is, of course, the chairman and president of ceo, as we said, of ethan allen. dr. j., i know you've been boieserous about this very issue. >> about the dividend side of it and i love that he has skin in the game, scott. i mean, all the ceos that actually do have skin in the game through being a shareholder like the rest of us, i salute him for making a prudent use of this capital. i think it's better than buying the shares back at this point because of this looming fiscal cliff and i think all these 103 companies that have done so are addressing exactly that fact, and i do hope that we can get our spending under control like he has in ethan allen. >> all right. good last word on that topic. up next, the case for a euro rally when we come back in about two minutes. [ male announcer ] trading's like a high-speed train. and you don't want to miss it with thinkorswim by td ameritrade. you get knock-your-socks-off tools, simple one-click orders, real-time paper trading to hone your skills, plus anytime you need it support. ♪ stocks, options, futures, and forex. get your trading on track. thinkorswim by td ameritrade. trade commission free for 60 days, plus get up to $600 when you open an account. >>> welcome back to the halftime show. eu finance ministers clashing today over a banking supervision plan. i hate when they do that will renewed arguments mean an end to the euro rally as we know it heading into 2013? ask kathy lean of bk asset management. she is live in new york. kathy, what's the answer? >> i don't think it's going to the end of euro rally but i think give us an opportunity to possibly come in and go long your rose at a lower level. because overall, i think the reduction in tail risk is going to be very supportive of the euro as you go into the new year and if we do get a deal on the fiscal cliff, even if it is a benign deal, may be enough to keep the euro well supported. so i think if we get a dip as a result of the euro finance ministers meeting, we should taken a opportunity to get n >> a fiscal cliff deal, could you have a risk-on scenario, so to speak, the dollar weaker and euro would get some support? >> yes, that's exactly what i'm saying. >> what levels should we be paying attention to in the trade? >> in terms of the trade, eurodollar, if you get buy it around the 130 level, that's good value point with a stop at 129 and a target 15930, 150 this whole euro area finance ministers meeting could be on par the catalyst that takes us lower on the eurodollar. >> kathy, good to talk to you. >> my pleasure. >> "money in motion," that program airing every friday night at 5:30 p.m. eastern, only, of course, on cnbc. >>> the biggest pops and drops in midday trading, joey, big lots with a big pop. >> yeah, ten-cent loss versus a 24-cent loss, double digit short interest for a trade, maybe higher but structurally, not a good company. >> letter x, murv, u.s. steel? >> a nice pop earlier today. announced layoffs earlier in the week, you look right now, they've joint venture down in texas. positive news out of china's pmi. i think the steel does start to rally. >> dr. j, baxter international with a drop r. >> i think long term, scott, a great decision to take out this swedish dialysis k short term, i think the stock could trend down to 62 or even 60 a share so aid hold off on it. >> and weiss garden, on sale today because it is down 10%, issuing promotions, right? >> deja vu all over again after yum last week. yum sales up better, discounted more, the virus not good. the most interesting thing out of their statement was that the ceo came out and said he is worried about the backlash from darden being very visible and cutting back their full-time workers less than 30 hours week so they don't have to pay for obama carism would say that is very, very interesting. watch for other companies to do it. otherwise the cost goes up for these food restaurant chains. >> a pop for puppies. many college students are looking for twice ease stress during final exams. one canadian university has gone to the dogs. starting today, dalhousie university in halifax, nova scotia, is throwing students a bone by providing a puppy room where students can destress among four-legged friends. although the idea may seem barking mad, organizers promise that simply pekt the dogs will help relieve anxiety. >> we need one for the "fast money" guys, petting, with dogs. >> move on. >> no comment. >> let's go somewhere else. >> seem marks help us. >> i'm here, guys have no fear. here's what's coming up next on the cnbc "fast money" show at 5 p.m. eastern. she was the most closely watched analyst at the height of the 1990s tech boom, today, mary meeker's tech predictions moving some of the biggest names. meekers a head lines, the smartphone revolution has just begun. cnbc "fast money" at 5:00 we want to know how you're trading meeker's call on mobile adoption, tweet us your comments, questions tonight. you know, scott, we go through each and every tweet that we receive. >> i know you do and thank you for rescuing us. weiss was giving us too much information about the short hills capital holiday party. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. if you're a man with low testosterone, you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling; enlarged or painful breasts; problems breathing while sleeping; and blood clots in the legs. common side effects include skin redness or irritation where applied, increased red blood cell count, headache, diarrhea, vomiting, and increase in psa. see your doctor, and for a 30-day free trial, go to axiron.com. ♪ [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopping from l.l. bean. >>> the good doctor, final sflanchsd potash, pot, big buying of upside calls. >> joseph terranova? >> good note by health terry at goldman sachs, i take the other side, aol lowering price
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Dec 10, 2012 3:00pm PST
when someone callous a name, you are not scarred. >> bob: they used to -- >> greg: you're insulted. >> kimberly: that happened to my friend. hawkeye. dabs that helped his ego. didn't hurt him. >> greg: it's not nice to call them names but you're not scarred. save that for something bad. >> kimberly: that is it for us "the five." thank you for watching. see you tomorrow if you dare. ♪ ♪ >> bret: they are talking in private but still feuding in public. the president and the speaker walking together toward the fiscal cliff. so now what? this is "special report." good evening. i'm bret baier. if there is any progress made on back away from the fiscal cliff you would have a hard time knowing it from today's events. both sides essentially say they are waiting for other on more details on how to balance higher taxes for rich with spending cuts. in a moment with put karl rove and joe trippi in the negotiating room. but first we have a report or # 2 days, or as we will explain later, less to go. >> president obama back on the road 24. hours after the hush-hush meeting with john boehner about the fiscal cliff. insiders in both parties say the first face-to-face solo meeting in over a year is a sign in private they are making progress but in public the president is not budging. >> i'm in the going to compromise on that principle because i won't have a situation where the wealthiest among us including folks like me keep the tax breaks and we ask the students to pay higher student loans. >> he decided to fire up the labor union base. about a republican pushbe for right to work laws in the state. >> what we shouldn't do, what we shouldn't doing is trying to take away your right to bargain for better wages at work. >> the employees cheered when the president took aim at the republican governor and legislature. >> we are talking about giving you the right to work for less money. >> the president called if union dispute and the fiscal cliff manufacturered crisis as he sounded a pessimistic tone about the possibility of another recession. >> people will spend nearly $200 billion less than they otherwise would spend. consumer spend willing go down. that means you have to let the customers, businesses get fewer profits. they hire fewer workers and it's a downward spiral. >> some republicans are more hopeful of a deal andialing the party to give the president tax hike hikes in exchange for leverage on entitlement cut. >> the focus shifts to entitlement. maybe it puts us in a place where we can do something that saved the nation. >> other key republicans insist negotiators are far from a deal. the president won't take on his party about spending. >> he's afraid to go to a progressive meeting and say if we don't adjust retirement, they will go bankrupt. >> we are told he spoke by phone with reid but no contact with boehner. >> bret: stocks were up. dow finished ahead 15. s&p 500 was up half a point. the nasdaq gained nine. talk about the implication of the looming fiscalcally. karl rove is former top advisor to george w. bush and joe trippi veteran democratic strategy. we thought it worked with the electoral map and fiscal cliff, get them a room and try to it. welcome back. >> good to be back. >> bret: a different channelchallenge. we talked about taxes. let's start there. the compromise. how do you get the compromise. joe, start with you. >> the president is asking for $1.6 trillion in revenue. there is no way, the top rate of 39%. there is i think there will be a rate increase. there is no way the democrats are going to go for less than a rate increase. 37% might be a good place where it seems to be possibility for compromise. the president has to give and go to thenate bill for 20% tax and gain and dividends. the next place and big one is how you deal with deductions then, reforming that. my idea is capping all of them at 28%. let the deductions stay the same. take deductions but you can't lower tax rate below 28%. no matter how many you take. decent idea. top tier. democrats might go for it. >> this isn't an attempt to get more revenue. if you raise top rates back to where they were under clinton you can get $462 billion. if you do what joe suggested top rates you can only deduct 28 cents of each dollar that you have for charity you have $1 trillion tax increase on the top two brackets. more than half of the tax rate -- they file on the individual of the top brackets. should we be doing this? should we have $1 trillion of the new taxes. care tri marginal tax rate up to 40%. plus what the additional taxes. $1 trillion that are in new taxes on obamacare. most of them on the wealthy. plus, then, hit them on the deduction side. they will be paying top marginal rate of 40%. effective rate that is four or five or six rate ace head. >> bret: make believe you want to get to compromise. there is an easy way to get there. the president said i need $800 billion at revenue, there is a way to get there. let us not discriminate -- let's go simpson-bowles. let's let everybody decide how much they want to use for whatever deduction. maybe you want to use for education. maybe you want to use it for your home. maybe you need it for healthcare. let's cap it. itemize deductions at a certain amount. if you cap at $25,000, you can lower all tax rates 20%. plus kill the alternative minimum tax forever and still have $1.3 trillion in revenue. if you do it at $50,000, cap. it gives you $800 billion. >> i like this idea when i first heard it but there are problems and intended consequences. for instance, you wipe out charities. charitable giving changed radically but that cap at $25,000. that is why i like the idea just you can keep giving to charitable or anything else but lowering the rate -- you can't lower it lower than the 28 cents a dollar that karl talked about. >> bret: all right. the 37%, not 39.6, but raising the top tier to 37% is that going to fly? and is the republican caucus in the house? >> it's hard to get the republican caucus to go for rates. they offered revenue. okay, fine. you won the election. give you $800 billion but find it in a way with less of an impact. >> despite what corker and coburn -- they're senator, not house republicans. >> there is a difference between house and senate on this. you have rand paul saying give the president the tax rate and let him live with consequences. the house republicans will try to find a way to give him the money he wants. $800 billion. i don't think this is serious when the president walked in. >> bret: that is not going to sell on the democratic side. anything that doesn't raise rates. >> doesn't raise rates won't happen. >> bret: turn to spending. we talked about taxes, we have not talked about the spending. where is the spending that the republicans compromise wise think they need to get to? >> look. let's be clear about this. the republicans view this as ap. if you take a look at outlays, in 2008, when we went in the economic difficulty; fy-08 there were $2.9 trillion in outlays. today it's $3.8 trillion in fy-13. revenues $2.5 in 2008. they're 2.9 today. back to re-knew we had before. nearly $400 billion more in re-knew bus we are, you know, nearly $900 billion more in spending. that is the trajectory we're on. so the republicans are emphasizing the savings. they propose $600 billion in medicare and other health savings. but they have to be fundamental reforms. we can't simply take the current system going broke and spend less. we have to find the fundamental reforms to allow to us save money. >> bret: democrats don't want to touch or haven't talked about it. what about means testing for the top tier? raising ages. it doesn't seem to factor in yet. what about the means testing for the upper -- >> i think that the president, democrats will compromise. will, i think will look at doing means testing. that is a real possibility if they can get the rates. in other words, if it is part of a bargain to get the rate to 37 or up there, and we mean test -- parties aren't that far apart on the mandatory cuts. republicans are offering $300 billion. democrats are offering $250 billion. i think we can close the gap there. i think they can close on the means testing. i think cpi, as part of a bargain, revising the -- >> bret: social security. >> revising the consumer price index could be on the table if, if we get the higher rates. this is part of trying to reach the compromise we are talking about. the one i they is really not going to happen or very tough would be raising the age to 67. >> bret: even though it's for people under 50? >> part of the reason if you delay it to throughout when it would go on effect when people under 50 reach 67, you don't save a lot. you just delay the hit that is going to happen. you don't save a lot. in the end, you are shifting costs. those people would have to be on obamacare or some other healthcare, getting healthcare from some place in the gap between 65 and 67. it's not clear that that is -- to democrats it's not clear that that is a very efficient way of addressing the problem. i don't think they will do it. >> bret: all right, guys. i mean, we started with let's solve this problem on the compromise side. we haven't heard the compromise. >> there are a couple of things that i think there is means testing that theteams can accept it. look, the change in how we calculate the taxes and benefits using a different measure of inflation. we have could probably get that passed. but if it does get passed it's $200 billion. there is a big gap between the sides. the republicans have offered health savings and other mandatory savings. and change cpi. that is $1.1 trillion in savings on the mandatory side. the white house is offering $600 billion. on the discretionary side republicans are offering $300 billion over ten years. white house is offering $1 $1.7 billion. but they're illusionnary. let's assume we are going to be fighting in afghanistan and iraq for the next decade and then assume we're not. oh, we saved basically a $1.8 trillion. between the cost we're never going to spend anyway. >> it's interest that you save, that you don't fit pay on the thing we have agreed to. there is a lot of agreement. if you get to 37, if you can, to get there you can -- >> bret: he says you can't get to 37. you can't say it. >> that is the problem with the three of us talking about it. i don't have to go back to maxine waters and democrats in the house. and karl doesn't have to go back to some of the members of the house that were reject the rate increase. that is the problem. >> at the end of the day, to get a deal, president obama has to be able to strengthen, ironically enough his partner in this. >> bret: i had high hopes for solving this, in this ten-minute segment. >> leave it to us. [ laughter ] >> he doesn't have to go talk to maxine waters. i don't need to talk to congressman abosh. >> bret: we'll do it again. thank you very much. >>> brit brit hume brings his fiscal cliff analysis to table later. up next, rebels say syria's government is already using chemical weapons. i need you. i feel so alone. but you're not alone. i knew you'd come. like i could stay away. you know i can't do this without you. you'll never have to. you're always there for me. shh! i'll get you a rental car. i could also use an umbrella. fall in love with progressive's claims service. because helps you keep doing what you love. no wonder it's america's #1 selling pain reliever. you took action, you took advil®. and we thank you. prego?! but i've bought ragu for years. [ thinking ] wonder what other questionable choices i've made? i choose date number 2! whooo! [ sigh of relief ] [ male announcer ] choose taste. choose prego. >> bret: activist in syria say rebels captured parts of another large army base in the north. that tightens their grip on areas close to the turkish border. back in the u.s., the government is moving closer to making a decision about one faction in the opposition forces. there are increasing concerns about chemical weapons. here is chief intelligence correspondent catherine herridge. >> state department officials say they can't independently confirm reports including this video uploaded to the web by the opposition over the weekend that claims the syrian military used chemical weapons. the fire which allegedly produced toxic smoke began after a syrian jet unloaded the cargo over rebel health position. another video claims to show protected gear confiscated by the opposition. on sunday, the israeli ambassador to the u.s. responded to reports that the israeli have intelligence assets in syria to monitor the stock pile. >> syria has a very varied deep chemical weapons program. it's geographically disbursed as well. were the weapons to pass in wrong hands, hezbollah's hands for example, that would be a game changer if for us. >> more shoulder-fired missiles report itly surface in syria, the administration faces renewed questions over whether the u.s. facilitated or approved the movement of weapons from libya to serbian rebels. >> we're providing nonlethal assistance. other countries are making other choices. >> after more than 40 suicide bombings in syria, including this attack at the military intelligence headquarters in damascus that killed 55 in may, the state department is expected to designate a syrian rebel group as a terrorist organization. we have had concerns that it's little more than a front for al-qaeda in iraq. who has moved some of the operations in to syria. >> fox news learned that the c.i.a. along with the other intelligence agencies working with the libyan militias to track down wmd after it was claimed that the libyan dictator program was not entirely shut down. the u.s. officials insist there is no quid pro quo which would include moving weapons to is syrian opposition. bret? >> bret: thank you. we'll follow that. u.s. navy seal is dead and american doctor held hostage is alive and free tonight. it's another story of special operation courage and expertise. but imkate with the ultimate price. national security correspondent jennifer griffin is at the pentagon tonight. >> petty officer first class nicolas check was 28 years old. the recipient of a bronze star for valor. he grew up in a suburb of pittsburgh. early sunday he was airlifted with the rest of his squad rant from seal team six, the same unit that carried out the bin laden raid. he was not part of that mission. sunday's asipement was to save the life of joseph, a colorado springs doctor who had been kidnapped along with two other afghans working for the aid group morning star development at a rural clinic. they were returning back to kabul on the road east of the capital on wednesday. "the other two members had been release by the captors about 11 hours earlier, following hours of negotiations conducted over three days." according to a statement released by the aid group. that's when the top u.s. commander in afghanistan ordered the rescue mission when it became clear that dr. joseph's life may be in danger from the hostage take takers. tragically we lost a special operators in the effort. president obama said in a statement sunday about petty officer check. he gave his life for his fellow americans. defense secretary leon panetta added they put the safety of another american ahead of their own. the family of dr. joseph issued a statement tonight extenting their condolences to the family of navy seal petty officer nicolas check. they said they could not be more grateful for his sacrifice. bret? >> bret: jennifer griffin at the pentagon. thank you. still ahead. getting hot under the collar over solar industry profits. first, assume the republicans and the democrats strike a fiscal cliff deal. what happens then? many of my patients still clean their dentures with toothpaste. but they have to use special care in keeping the denture clean. dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can multiply. polident is designed to clean dentures daily. its unique micro-clean formula kills 99.9% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with toothpaste. that's why i recommend using polident. [ male announcer ] polident. cleaner, fresher, brighter every day. neural speeds increasing to 4g lte. brain upgrading to a quad-core processor. predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. >> bret: we had 22 days before the economy goes over the so-called fiscal cliff. it's more than three weeks. that might seem like a lot of time. chief congressional correspondent mike emanuel tells us tonight it really isn't. >> time is running out to keep the u.s. economy from going off the fiscal cliff in the new year. in fact, most experts believe a framework deal must be reac reached this week, most likely by thursday to give the house, ways and means and the senate finance committee several days to work the deal to legislative language. since it will be complex, likely to increase re-knew and cut entitlement spending if the lawmakers want a cost estimate with nonpartisan numbers from the congressional budget office, it would require several more days. the house g.o.p. requires that the bill be posted for parts of three days which means early next week in order for votes by the end of next week. veterans of past capital hill battles note the whip operation convincing lawmakers to vote for the legislation they barely seen will be critical. >> likely that both sides, the president and the speaker are going to have to twist arms, they are going to have to call people. they are going, you know, do anything they can to push a deal over the line. >> with christmas eve in two weeks, the president, lawmakers want to be out of washington for the holidays, that further compresses the schedule. though in the senate, there is always the risk of a filibuster. >> look. the fact of the matter is that under the rules of the senate, any one senator can almost ground the place to a halt and often times they do. >> wild card in all of this is wall street. if investors lose confidence in walk getting this done or don't like to actual deal, that would exponentially turn up the pressure on all the key players. bret? >> thanks. let's get thoughts about what is going on in washington. senior political analyst brim hume joins us. good evening. welcome back. >> thank you. if you have announce of compassion this christmas season, save it for john boehner and the house republicans. president obama is treating them as if he has them over a barrel headed if for fiscal cliff. and he does. this is not because mr. obama won re-election. after all, he won 51%. needed the greatest voter mobilization operation in history to do it. his leverage now stems from the law, which ends the bush tax rates on january 1, imposing new higher tax rate and a steep set of spending cuths that fall with special force on military. nobody wants these things but republicans, the low tax and strong defense party, want them least of all. not only that. but polls indicate that if these things come to pass, the public by large margin will blame the g.o.p. speaker boehner is trying to head this off bargaining with the president to keep tax rates they are now and raising revenue and closing tax loophole. mr. boehner want the president to agree to serious reform of the entitlement benefit. mr. obama says he wants to higher tax re-knew and higher tax rates on the rich to boot. but he has offered nothing to speak of on entitlement. unreasonable? you bet! but on top of it, boehner is under attack from the right for being a weak negotiator. he is not a weak negotiator, he just has a weak hand. bret? >> bret: we're hearing all kind of proposals on capitol hill. one being talked about is from maine republican senator susan collins suggesting that maybe small businesses should be excepted from the tax hike. >> new higher tax rates. >> above $250,000. >> this would get at the republicans stated greatest worry about the higher tax rates on the so-called rich, because say republicans, that hits small business, big driver of employment. now the truth of the matter is obama administration said well, almost every small business in the country would fall below that. they are not rich people and it doesn't count. that universe of the small businesses that the white house is talking about includes the smallest internet vendor. the truth is that number of businesses that pay at the higher rate are all the ones of any size. that would do any hiring. this would really get at the republican objection. it would be interesting to see if the white house is trogg agree to that. >> bret: political curveball. >> thanks. >> bret: new rule for some taxpayer funded government workers about tweeting and what you and your neighbors really think about the federal employees. grapevine is next. >> bret: now some fresh pickings from the political "grey's anatomy." americans think public workers are better paid and more secure. and it turns out they're spot on. rasmussen report poll found that nearly two-third of private sector workers across the ideological spectrum believe that. and investors business daily notes since president obama took office, the federal government has hired an average of 101 new employees each and every day. cato institute report found that the average government worker makes $84,000 a year. that is 32,000 better than private sector workers. >>> american battery maker a- a-123 system given stimulus money to help compete with the chinese companies is being sold to a chinese company. pending approval from a u.s. bankruptcy judge. the group bid $257 million. the energy department here in the u.s. thinks for its $132 million investment, it should get a share of the proceeds. the company from china disagrees. decision could be months away. finally, it's like the seven-second delay on steroids. the state department is reportedly considering drastically rewriting its rules on social media novembering geinvolving two daye a tweet. "washington post" says the move may be in the wake of a scandal involving around a tell-all book but it's worth noting that the u.s. embassy in cairo egypt ran in trouble over tweeted apology over the anti-islam film that surfaced before the terror attack in benghazi, libya. there is a renewed battle going on tonight in california about renewable energy. specifically, solar power. it's about profit versus loss. tax collectors versus the taxpayers. correspondent william la jeunesse lays it all out for us. >> there will be screwups and bankruptcies. indictments and deaths. but we are going to keep going. >> critics be damned says governor jerry brown who backed solar energy regardless of cost or consequence. >> we're opposed to that obviously because we will be the ones to live with it forever. >> riverside is home to more solar energy than anywhere else. but some call at it tax and rate payer ripoff. >> on the face it looks like a big deal. talk about the judge job and long-term benefit to county but we will carry the burden of having the facilities for decades to come. >> there isn't a single energy source in the united states that isn't subsidized right now. this is leveling the playing field for solar. the truth is the cost for solar power is going consistently down. >> costs are dropping. but solar is still up to five time more expense i than conventional energy. those plans typically pay millions of local property taxes. solar pays next to nothing. when riverside tried to impose impact fee, big solar sued. >> the reason we decided to litigate the riverside county tax, it was illegal tax. >> average price of solar dropped 50% in the last few years. consumers still pay twice as much as natural gas. supporters say that is the price of a renewable energy future. others feel solar is not the cheap a tern a terntive they w- alternative they were sold. >> bret: thank you. egypt expanded military there. mohammed morsi issued decree to give troops the right to arrest civilians and joint responsibility the police ahead of saturday's constitutional referendum in egypt. north korea extended the launch window for a controversial long range rocket. north korean officials say scientists found a technical deficiencies in the rocket first stage. north korea says it's putting up a satellite. the west believes that is covered a test long range missile technology. they are talking in private. but are we getting any closer to a deal to get off the so-called fiscal cliff? we will talk about it all with the fox all-stars when we return. [ woman ] we knew it was gonna be bad, but never like this. the red cross was down here all the time. [ man ] they've given us a lot of heart. in times of need, they're there. ♪ [ kerry ] my dad was watching his house burn. he turned around, and all of a sudden, therwas this guy standing there from the red cross. at a point where i had just lost everything, the idea that there was someone there... that's an amazing thing. ♪ ♪ ♪ >>> i've said i will work with republicans on a plan for economic growth, job creation and reducing our deficits. and they have had compromise between democrats and republicans. i understand, you know, people have a lot of different views. i'm willing to compromise a little bit. >> his proposal that he offered to boehner was literally a joke. it's $50 billion stimulus package. it raised taxes by $1.6 trillion. it did nothing to save social security and medicare. >> bret: some of the back and forth today. the president back on the campaign trail back in michigan. if the private meeting with the house speaker was a sec ses, over the weekend -- success over the weekend the public back and forth is back where it was. bring in the panel. jonha goldberg, at large editor of national review online. juan williams, columnist with the hill. and syndicated columnist charles krauthammer. we often can read things from what is said in public. but we don't know a lot what about is said in private. we do know we are a step closer to this cliff. i'm pretty sick and people are sick of calling it a cliff. what do you think? >> yeah, first of all, i made the point the last time i was here. really weary of senators going out talking as if they are an integral voice in this conversation. this is still a conversation between boehner and obama. i think brit hume was right earlier. boehner has a weak hand. the fact he has a weak hand is causing something close to a panic among the republican rank and file. >> bret: thank you for that. >> you're welcome. i think that you are seeing republicans freak out a little bit. little bit too prematurely. the ironic thing in some ways it might strengthen boehner's hand in negotiations. if he can go in and say they are going to fire me if i do what you are asking. i can't do that. one thing that barack obama understands is personal preservation and self-politic and it may make boehner a more credible negotiator in this. at the end to day, the republicans have to shoot the hostage and they will probably have to end up raising rates. >> bret: let's take a listen to one of the senators. senator corker over the weekendbe. as jonah mentioned he does front a vote in the house but he was speaking this weekend -- he does not have a vote in house but he was speaking on "fox news sunday." >> once you give him the rate on the top 2% it's lesser tax increase than what he has been talking about. the focus then shifts to entitlements and maybe that puts us in a place where we actually can do something that really saves this nation. so that is, there is a growing body. it actually am beginning to believe that is the best route for to us take. to again, shift focus where it needs to be. which is on entitlements. >> bret: juan? >> well, there is no leverage. i think what you heard from bob corker is in fact now echoing through the hauls of congress. extending in to the house side. i think that, you know, a week ago we saw a lot of the kind of tea party committee chairs who would have really been at the forefront of the opposition move out by speaker boehner. i think what you see is the democratic congressional folks now having phone calls, robo call goes out, again, beating up the republican on just this issue. i think that you see right now the fed is going to take action, likely action this week. that will continue to aggressive buying of long-term buying to make sure that the economy holds up. everything is leading toward this will be stabilize and the president has the upper hand. republicans just have to accept that. then move to the point that republicans have leverage. negotiation about the debt limit and use it to force him to engage in cust cutting. >> bret: let's hear from the other side. kevin mccarthy on "meet the press." >> the president says he wants tax rate because he wants re-knew. the republicans -- revenue. the republicans offered him the revenue and the president wants a balanced approach. 2-1/2 to three times as many spending cuts as to revenue. i don't think the republicans or americans want to raise any taxes just to continue the spending in washington. >> republicans, there's increasingly some, while the corker message is getting in to the house, as juan suggests, there is also another message that is saying you know what? we lose always. why not lose fighting? and go over this cliff and fight when you had the leverage on the other side? charles? i'm hearing it more and more. whether it's per vase i or not. i don't know -- pervasive or not, i don't know. >> i'll start by saying i will avoid gastrointestinal analogies; particularly, colonic ones. it will stick to military ones. what you see among republicans now is a military rout. once if -- if the republicans had been able to hold the line and had unity in the house forget about the senate. but in the house on rates they might have held the line. or had they gone over the cliff it would be a position next year to negotiate. i'm not sure again people assume obama is going over the cliff. ient to think he wants to start a second term with a catastrophic dropoff. but now we hear dissension, especially with the republicans negotiating amongst themselves on the air. the hand is weaker. boehner does not have the unity behind him. so it looks as if his path is going to be to concede on rat rates. but he has to get something if return. otherwise it's complete humiliation. i don't think it would pass the house. it those be on entitlement. it could be raising the age for medicare. it could be raising the retirement age on social security. it could be changing the cost of living from wage inflation price inflation. it could be all of the above. but if it isn't something, then i think the house will not go for it. >> remember, as i talk to carl and joe and we talk many times we can talk and everybody can talk all day long. until you get 218 in the house. until you get numbers in the senate, you are nowhere. you have to put the caucus numbers together. >> the only way to possibly get the numbers in the house by hiking rates, let's say to 37, would be if you got something substantial and real on entitlements. if you are going to beat promise -- >> where is the signal and light at the end of the tunnel that is going to happen? no one said one thing -- >> obama side? >> yeah. >> if he holds out, i think it will not. nothing in the house will go over a cliff. if he holds out and offering nothing on intending and entitlement -- >> have you heard anything on entitlement? >> sure, what we talk about. changing the cost of living index and the other is bumping up age of the eligibility on medicare, right? >> bret: cost of living index on social security? >> correct. >> most democrats say take it off the table. >> not just social security. look at the other government entitlement programs that people are beneficiaries from. let me suggest to charles that in fact if there is no vote on anything. the rates expire for everyone. republicans get blamed for bumping up taxes on everybody. >> bret: for how long? how long do they get blamed? >> how do i know? i'm telling you it damages the gp brand. >> obama inherits wrecked economy. >> it's not good for obama. if the second term begins with a legacy of economic fear he is in bad shape. he would have, you know, given in on the promise to protect the middle class. as i say, no vote, charles no, vote in the senate. >> that is why i think in the end obama has to come back at the 11th hour with something real. then he might get a deal. >> yeah. this idea that obama wants to go over the cliff more than the republicans is true. but it's true he doesn't want to go over the cliff. it would be -- charles is right about this. it would poison his term, much the way the stimulus. i would mean hammer and tongs, partisan welfare for four years. not what he wants to do. he has an ambitious agenda. >> bret: we are talking probably under a week. that is about it. we just did the piece. because of legislative time needed to put something together before the end of the year. >> you are generous. >> next up. daring rescue in afghanistan leaves a navy seal dead. what is the state of that country next? [ male announcer ] red lobster's crabfest ends soon. hurry in and try five succulent entrees, like ourender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. >>> the fundamental mission in afghanistan is establish afghanistan that can secure and gob itself and ensure that al-qaeda never again finds a safe haven within afghanistan from which to conduct a attacks on the united states or any other country. >> bret: defense secretary panetta at the end of last month talking about afghanistan. the mission on sunday was to save the life of this man, joseph, colorado springs doctor who had been kidnapped with two other afghans working for an ngo in afghanistan. the operation was dangerous. >> it was combined operation. in order to rescue this individual. capture or killed. and decided to start the operation. the assessment for us that there was imminent danger of injury, or death to the individual. >> bret: petty officer first class nicolas cck, 28 years old, navy seal, member of seal team six was killed in that operation. our condolences to his family. we're back with the panel. we don't talk about afghanistan a lot, charles, but this mission, doctor is alive. he is well. free. that navy seal is dead tonight. >> the fact we don't talk about it and that we only do when we hear about a mission like this is what makes it doubly tragic. obviously, there is a terrible tragedy we lose a brave soldier who gave us life ultimately to save another american. which is sort of the tradition of the incredibly brave soldiers. the tragedy, double tragedy is why are they dieing? why are they overthere? we heard the secretary of defense say the mission is to establish, leigh behind a government to maintain itself. that really isn't our mission. if it were our mission, obama would not have aboarded the surge in mid-september, which he did before the election. he would have kept it in the winter season. that were our mission he would have honored what the military commanders had asked for at the beginning of the surge, way to control the south and the east at the same time. in fact, he cut the number of troops and you could only do the south. we're never going to do the east. essentially, we're trying to hold on so we have a decent interval between our withdrawal and renewal of the civil war. if that is the case. if the mission is not a success, if obama had cut back and never speaks about this, this is never in consciousness of the nation there has never been war in our history where a president speaks less about and garners less support of behalf of real, on going operation where americans are dying. if that is our mission, which is minimal, getting out, why are the brave soldiers dying? >> bret: juan? >> i don't think it's the democrats that are not talking about the war. go to republican convention. the nominee didn't talk about afghanistan. i think real issue here is what can the united states rationally expect to accomplish before leaving. we have been there ten years and now the white of our tails show as we run away. we have been there. it's cost us lives and cost us another life. you can see that a good american doctor was there trying to help in terms of the rural clinic. no shortal of american commitment to afghanistan. the problem is not only americans but people who come before tried to stay and we have seen results. there is no way that any foreign force is going to set the future of afghanistan. >> bret: so pull out. >> in fact, the american people if you look at the polls say now would be a good time. >> this reminds me of the end of the vietnam war. there were a lot of clever maneuvering by henry kissinger and at the end of the day it was all basically a game to set up a plausible political climate for bugging out. that is where the obama administration is. whether it's good policy or is not a different conversation. but the talks about whether we'll pull out by 2014, to expedite things are not. these are all ways of basically saying we're done with this place. i don't know that you couldn't have more success if we contribute troops and resources the way people want to but there is not the political will in washington. >> bret: we won't stop talking about it. that is it for panel. stay tuned to see what makes this the most wonderful time of the year. begin. tomato, obviously. haha. there's more than that though, there's a kick to it. wahlalalalallala! smooth, but crisp. it's kind of like drinking a food that's a drink, or a drink that's a food, woooooh! . [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. share "not even close." share "you owe me..." share "just right." the share everything plan. sharable data across 10 devices with unlimited talk and text. get a droid razr m by motorola for $49.99. >> bret: final lie tonight, if you're parent or parent to be, you watched your child or one day will watch your child perform in a school play or a musical or a performance of some kind and you're proud, and you're there with your video camera or iphone and trying to hold still. thiin this holiday themed performae,
MSNBC
Dec 7, 2012 3:00pm PST
avoid the fiscal cliff. compared to just 36% who trust republicans in congress. also today speaker boehner said he wouldn't rule out an agreement to raise taxes as part of a fiscal cliff deal. but he also said there's no progress. this is what winning looks like. joining me now, e.j. dionne and thank you both for your time. senator solis, the jobless rate is at a four-year low. that's quite an achievement. >> yes, reverend re. but we still need to do more. in sectors like retail and health care and tourism and hospitality. we need to do more because people are still suffering. we've got to put jobs back in infrastructure and construction and put our teachers. that's why the president is working so hard so we don't go off the fiscal cliff so we keep the most vulnerable people out of harm's way. to pay $2,200. we've got to talk about fairness here and i'm very excited that the public is listening to the message that the president has made very, very clear. >> 146,000 new private sector jobs last month but one of the things that you talk about is the public sector. the president has proposed about $50 billion in infrastructure jobs which would be the public sector which is where a
FOX News
Dec 10, 2012 8:00am PST
the tough details in terms of finding a deal on the fiscal cliff. this morning a leading republican said any deal should include the major drivers of our debt. >> the long-term indebtedness of this country is baby boomers retiring putting pressure on medicaid, medicare and social security. i hope my party will look out for the country and not just the party itself and pure this president to do something he has never done before, lead in a bipartisan way. >> reporter: a little swipe there at the end but republicans have been consistent that it is important to address entitlement reform, something they very much want on the table if we're going to have a big deal in this fiscal cliff matter. jon? jon: on the democratic side it seems like they are holding firm on being sure that there is additional tax revenue in any fiscal cliff deal, right? >> jon, no question about that. they have been consistent from the very beginning. the president ran on the upper income americans paying more taxes as part of this deal. we heard more from chuck schumer on "fox news sunday". >> we democrats realize that there have to
FOX News
Dec 10, 2012 11:00am EST
copy of the monkey in the jockket and put it in your office. it is so cute. have him around staring at you all the time. bill: congratulations on your christmas tree getting up this year. martha: no lights on it yet. but it's there. see you tomorrow. "happening now.". jenna: accused gunman in the batman movie massacre is due in courtney moment now. this will be our first look at james holmes since he reportedly tried to kill himself last month by banging his head against the wall of his jail cell. a today's hearing is focusing on a number of different motions including one by the defense asking for sanctions against the prosecution. we have a crew at the courthouse. we'll bring you that news as it comes in. first right now brand new stories and breaking news. jon: a controversial plan to send american-made tanks and fighter jets to egypt at a time of growing protests and dangerous unrest there. what that could mean for an already unstable region. >>> parts of the nation dealing with blizzard-like conditions. heavy snow and plummeting temperatures. meteorologist maria molina will bring you the forecast. >>> a little girl once on the verge of losing her battle with lukemia is now in full remission. we'll tell you what doctors did that the could change the disease forever. it is all "happening now." jon: we begin with some sad news today. a u.s. navy seal killed during the daring rescue of an american held captive in the heart of afghanistan. good morning i'm jon scott. jenna: i'm jenna lee. when we talk about the american captive, we have a picture of the doctor whose live was saved. he is dylan joseph, a native colorado. he was in afghanistan for humanitarian work when i was kidnapped by the taliban in a province east of kabul. national security correspondent jennifer griffin is live at pentagon with more. jen, do we have any details on the american who gave his life to save this doctor? >> reporter: they're waiting to contact the family so the military does not release the identity of the seal killed in that rescue attempt. we know he was a member of "seal team 6". not necessarily a member of the same group that carried out the usama bin laden raid. there are about 200 members of "seal team 6". this man, as you said, gave his life for his fellow american. here is a statement that was read by the spokesman for isaf today. >> it has been decided to start the operations since the assessment there was imminent danger of injury or death to the individual. >> reporter: dr. dylan johnson was the doctor who was rescued early sunday morning by u.s. special operators in the eastern part of afghanistan. he had been taken about 50 miles from the pakistan border. what was interesting he was traveling with two other members of the "morningstar" development team of doctors in eastern afghanistan when they were kidnapped on december fifth. two of the members of his team had been released 11 hours earlier after three days of negotiation with the taliban captors but dr. johnson had been held and that's when general allen decided to send in the u.s. special operators who had practiced this rescue mission. unfortunately one of them gave their life as we now learned. jenna: as we get more information. what has been the reaction thus far from washington? >> reporter: the reaction from the white house and pentagon as you expect is very somber because this was valued member of "seal team 6". we have a statement read by the president yesterday. tragically we lost one of our special operators in this effort. our thoughts and prayers go out to his family just as we must always honor our troops and military families he gave his life for his fellow americans. from secretary panetta, quote, the special operators who conducted this raid knew they were putting their lives on the line to free a fellow american from the enemy's gripe. they put the safety of another american ahead of their own as they always do, jenna. jenna: save extra prayers for that family today for sure. jennifer, thank you. jon: to the fiscal cliffhanger on capitol hill as the president and house speaker boehner say they're keeping open the lines of communication one day after meeting to discuss the ongoing negotiations aimed at stopping the combination of automatic tax increases and spending cuts set to kick in less than four weeks from now. chief congressional correspondent mike emanuel live on capitol hill for us. three weeks from the end of the year, mike. any signs of progress? >> reporter: jon, it is hard to tell we know the president and the speaker of the house met privately yesterday and as we mentioned both sides say the lines of communication are open but they are not giving out any details of what was discussed or any readout of the meeting. that may be a good sign. the previous meeting was on camera. this one face-to-face privately at the white house and so perhaps they had a chance to roll up their sleeves and get into some of the tough details in terms of finding a deal on the fiscal cliff. this morning a leading republican said any deal should include the major drivers of our debt. >> the long-term indebtedness of this country is baby boomers retiring putting pressure on medicaid, medicare and social security. i hope my party will look out for the country and not just the party itself and pure this president to do something he has never done before, lead in a bipartisan way. >> reporter: a little swipe there at the end but republicans have been consistent that it is important to address entitlement reform, something they very much want on the table if we're going to have a big deal in this fiscal cliff matter. jon? jon: on the democratic side it seems like they are holding firm on being sure that there is additional tax revenue in any fiscal cliff deal, right? >> jon, no question about that. they have been consistent from the very beginning. the president ran on the upper income americans paying more taxes as part of this deal. we heard more from chuck schumer on "fox news sunday". >> we democrats realize that there have to be two sides to this bargain but we're not going back to what we did in 2011. we both revenues and cuts on the table and ended up with just getting cuts because the other side wouldn't accept the revenues. >> reporter: a lot of folks on both sides feel like this is critical week. we're getting close to the end of the year. you need to give lawmakers a chance to put whatever deal it nice legislative language and sell to constituents and ultimately vote on it and hopefully send it to the president's desk. jon. jon: we'll see what happens. not a lot of time left. mike emanuel, thank you. jenna: another u.s. drone strike delivering a blow to al qaeda. we're learning about this for the very first time today. pakistani intelligence reporting the strike late last week took out a man, abu al cue tatety. that is al qaeda's newly appointed second-in-command. the missile targeting his home in pakistan north waziristan region north of the afghan border. despite all the action from drones it remains a safe haven in so many ways to our enemy, a big problem. al kuwaiti took over for the man on the screen who was killed in a strike in june. jon: amid word top brass at the state and defense departments as well as senior intelligence officials knew eastern libya was a hub for jihadists for years long before the deadly terror attack september 11th that killed four americans including our ambassador to libya. new questions now about the level of the security at the u.s. consulate and why our people were put in harm's way in the first place. joining us now, senator john barrasso, republican from wyoming. chairman of the republican policy committee and sifrs on the foreign relations committee. you received a letter from john kerry, the committee chairman, saying that hillary clinton, the secretary of state is expected to testify before the end of the term. how critical is her testimony, senator? >> well i think it is very important to have hearings with hillary and they need to be in my opinion open and on the record. there are so many questions to be asked of this administration, of hillary clinton as secretary of state but also of the president about what happened before 9/11. it has been, tomorrow will be three months since the attacks on 9/11 and there are more questions now, jon, than there even were before. jon: senator kerry indicated that the accountability review board that ambassador thomas pickering is heading is about to issue its report. do you need to wait for that report to come out before getting the secretary of state's testimony? >> well i want to read the report and i want to ask a numb he about -- number of questions to the secretary but i don't think we need to wait for the report in order to have her come to the hill. the questions are the same. seems like this administration and this president knew or should have known that al qaeda-linked terrorists were there in libya. it was truly a hotbed for recruitment of those terrorists and it really does seem like a poor decision of the administration to deny additional security to our ambassador, who is heading to benghazi an even to allow him to be there but there have been multiple attacks in benghazi. the red cross pulled out. the british pulled out. we continue to send our underprotected ambassador there where he and three other brave americans were massacred. jon: is it your view that we should not have had diplomatic personnel on the ground or we should have had a military style protection force or both? >> they either needed to be not there or adequately protected. i want to know why the administration on two occasions following two already previous attacks on the consulate there in benghazi still denied additional security and allowed our ambassador there. these are things that developed before the attacks. so much of this focus has been what happened during and after the attack with susan rice and her comments. i want to get it back to the president and the secretary of state and they bear responsibility for what happened on 9/11. jon: well, secretary clinton has already said that the buck stops with her as far as diplomatic security. eric nordstrom, who was in charge of security on the ground, has already testified before congress saying that he had asked for more security and it was rejected at the state department headquarters. is that secretary clinton's responsibility? >> well it seems that the president should have known about the level of recruitment going on for al qaeda-linked terrorists right in that area. it was a hotbed. it was really a center of recruiting right there in eastern libya. so i want to know why the president continued to speak of having al qaeda on the run when in fact that is not the case at all. we saw them getting stronger, more forceful and the story that he was telling the american people i think now is going to come out was a story to deceive the american people but certainly to mislead them. jon: you started off this segment by saying you believe that those hearings should be open. is there the possibility, maybe likelihood they will be closed? >> not if i have anything to do with it. i want to have open hearings on the record so the american people can hear the answers from the secretary of state. jon: senator john barrasso, republican, from wyoming. we'll look forward to the hearings and yes we do hope they're open. >> thanks for having me, jon. jenna: now one year since a mysterious crime rock ad wealthy massachusetts town. jack and jerry mcgee murdered in their mansion and the message police have for us up ahead. >>> a major winter storm causing travel nightmares in the midwest. maria molina with on a update where this storm is headed. anncr: some politicians seem to think medicare and... social security are just numbers in a budget. well, we worked hard for those benefits. we earned them. and if washington tries to cram decisions about the future... of these programs into a last minute budget deal... we'll all pay the price. aarp is fighting to protect seniors with responsible... solutions that strengthen medicare and... social security for generations to come. we can do better than a last minute deal... that would hurt all of us. jon: right now an update on some crime stories we're watching a possible settlement today between former imf leader dominique strauss-kahn and the hotel maid who accused him of rape. lawyers from both sides meeting with a judge in new york city. charges were dropped but the former maid filed a civil suit against the kahn who was once considered a strong candidate to become president of france. >>> in a florida murder trial, didi meyers will not take the witness stand. she is charged with swindling, shakespeare out of $17 million and murdering him and burying his body. >> police are asking the help to solve the case. jack and jerry mcgee were shot to death excuse style last december. police believe the murders were well-planned but they have yet to identify any sus speck. jenna: a weather alert. parts of the upper midwest are digging out after powerful winter blast. this is blizzard conditions as you see on your screen and bringing record snowfall. meteorologist maria molina is live from the fox weather center with more. maria? >> that's right, we saw significant snowfall across portions of the midwest over the weekend. that is actually somewhat good news for the peel. we're looking at a lack of snowfall across the area over last several weeks. finally additional snowfall or significant snowfall falling across the area. today the storm is further off to the east. worst of the snowfall across portions of midwest. another aspect of this storm system ahead of it we have very warm temperatures and that warm area is helping fuel strong storms across portions of alabama, mississippi and louisiana. we can actually see some severe weather and that is what we're seeing occurring already early this morning. we had a number of tornado warnings issued. we have one across the state of alabama and central baldwin county. you have to seek shelter immediately. baldwin county in alabama across southwestern portions of the state. there could currently be a tornado on the ground. threat of isolated tornados and damaging wind gusts will continue throughout the afternoon. the snowfall was significant across portions minnesota and wisconsin. over a foot of snow in some areas. minneapolis picked up 10 inches of snow. you can see in the images a lot of snow falling across the area. causing all kinds of travel issues though. the storm system is producing more travel issues again not because so much of snowfall but because of rainfall. we have the images on the satellite radar pictures. we have delays over an hour across parts of laguardia and other larger airports. heavy rain is falling further off towards the south across portions of tennessee alabama and georgia. a tornado warning across southwestern parts of alabama and southern mississippi and southeastern louisiana. that is until 3:00 p.m. central time. keep that in mind. you have the chance to see more tornadic activity. look at airport delays because of poor visibility of clouds and rainfall falling across the area. over 100 minute delays in philadelphia. same goes for d.c. jenna: real quick. how typical are the tornado warnings down south in december? >> very unusual in december. we tend to see a little bit of a first peak. the first peak is springtime early in the summer and we see a lot of tornadic activity. during the month of november. very unusual in december. should be too cold to see the activity but we're seeing it. jenna: listen to the warnings regardless of the time of year. maria thank you so much. >> bye. jon: sentencing expected today for the man convicted of killing a little girl more than 50 years ago. a look at the final chapter in one of the coldest murder cases in u.s. history. >>> and egypt's president beefing up security ahead of an upcoming constitutional vote. we'll have the latest own the fallout from his controversial power grab. that is coming up you can't argue with nutrition you can see. great grains. great grains cereal starts whole and stays whole. see the seam? more pcessed flakes look nothing like natural grains. i'm eating what i kn is better nutrition. mmmm. great grains. search great grains and see for yourself. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. jon: breaking this hour, a man convicted of kidnapping and murdering a little girl in 1957 will soon learn his fate. jack mccullough faces a maximum sentence of life in prison in the death of 7-year-old maria rid ridulph. patti ann browne from the new york city newsroom. >> reporter: jack mccullough was 17 when the 7-year-old girl disappeared and later found dead. mccullough is 73 years old and he was just convicted in her death this year. prosecutors say back in 1957 the teenage mccullough approached maria and other girl. when the other girl left, dragging maria into an alley choked her with a wire and stabbed her in the throat and chess. he dumped her body in a wooded area 100 miles away. she was found four months later. the case was unsolved for decades. mccullough's half-sister told police that her mother incriminated mccullough before her death. he was arrested tried and convicted. he claims he has an alibi at the time of maria's death. he claims he was traveling to chicago for a medical exam before joining the air force. his half-sister says he is evil and should pend spend the rest of his life behind bars. he faces a maximum life in prison. mccullough did not testify during the trial but will have a chance to speak in court. jon: he has been free for 55 years since the time occurred. >> reporter: incredible. talk about a cold case. jon: patti ann browne, thank you. jenna: we'll turn overseas as the crisis and protests worsen in egypt the white house is going forward with plans to send major military aid to that country, and when we say aid it comes in the form of equipment like 200 abrams tanks and entire squadron of f-16 fighter jets. this is part of a $1.3 billion military aid deal already earmarked for egypt. officials fear canceling would mean job losses here at home and major penalties for broken contracts, upwards of billions of dollars but the arms shipment comes as egypt's new president, mohammad morsi, essentially cracks down on his opposition. in a move creating some say even more instability in this country. so is this a good idea to continue this type of aid? michael singh, former senior director of middle eastern affairs the national security council and washington institute for near east policy. michael, what do you think about that? >> jenna, you have to remember this aid dates back to the camp david accords between israel and egypt. theory behind the aid is longstanding it preserves the good relations between the pentagon and egyptian military especially at time of real chaos and crisis in egypt that those ties could come handy as they did during the 2011 revolution in egypt. second it assures egypt will adhere to the peace treaty in israel. whether you believe these things are true, jenna, depends, number one do you think the military is independent actor in egypt? or do you think now it is subjugated to the muslim brotherhood and president morsi? second do you think egypt will walk away from the peace treaty to israel which is in its own interest simply if we walk away from the aid. jenna: to pick up on a couple of points do you believe morsi can be trusted as true ally to the united states? >> i think the jury is out, jenna. he acted sort of responsibly in the region so far, brokering the gaza cease-fire. there is counterterrorism cooperation. like hosni mubarak before him he hopes that will get him off the hook when it comes to the domestic activities which he is engaged in now. jenna: so we potentially are arming someone that is neither a friend or an enemy but a question mark? >> they are a question mark. i think you have to, you have to keep in mind that the u.s. sees this assistance as for the military, not for president morsi. again whether or not that's a valid distinction is up in the air. i think many people would say, jenna a government which acts in an extremist way at home is ultimately not going to act responsibly in international affairs. look at say pakistan for example. or look at other governments around this region which are extremist in nature. jenna: interesting you mention pakistan because of our aid. that also goes to that country. one has to wonder in foreign policy discussions in the year ahead what kind of strings need to be attached, if you believe they should be, michael, with this aid in the years to come? how do you think we should navigate that? >> well i think, jenna, one lesson of pakistan when there is opportunity of change, when there is opportunity for a new modus operandi you need to cease on that because it is often difficult to change these things down the road. the opportunities don't come very often. now to change it, jenna, tanks and jets are more of a payoff for the egip shun military than they are a real solution to the region's security problems which are things like arms smuggling and counterterrorism and if we keep these military aid programs in place they need to address those threats, not be sort of this outdated way of doing things we've done the past few years. jenna: -- separate from morsi, we're still again potentially navigating that relationship. we support about 80% of the military procurement in egypt right now. how do we do that because we're dealing with morsi more directly? are we dealing with the military commanders behind closed doors? do we have a different type of relationship with the military right now and can they be trusted not to turn those weapons against us or also our ally israel? >> well i think, jenna, what the obama administration wants to do right now is sort of get through this very turbulent period at the moment. so you will not see a change in this aid right now. i think what they want to see is how the military behaves, for example during this referendum? how do they behave of at referendum. jenna: what do you think the behavior will be? >> what the concern is looks like morsi is trying to ram the constitution through. this is islamist in its character and concentrates hands in the power of the president. you see opposition may be boycotting referendum on saturday. will the military for example, crack down on the opposition and help this constitution get through in sort of undemocratic way? i think that would raise real concerns about their independence from this, from the muslim brotherhood and from president morsi. jenna: that is interesting point because we remember watching the military with the overthrow eventually of mubarak and how their role shifted during those protests and how it could be seen as a tippingpoint as you mentioned, michael. great to have your insights as always. thank you so much. >> thank you, jenna, imagine this. the hiv vie russ -- virus used toe make people well? a cancer treatment using hiv bring as little girl with lukemia back from the brink of death. we'll bring those details. >>> north korea is trying to develop a missile that could hit the united states. the look at the timing of its controversial rocket launch next jon: new information out of north korea concerning its controversial missile launch. that rogue nation now extending the window by one week to december 29th to get that missile off the ground. the north claims the launch is part of a peaceful bid to advance its space program but the united nations says it's a cover to test technology for long range ballistic missiles capable of hitting the u.s. talk about it with david albright, president of institute for science and international security. he is also a former weapons inspector and one of a handful of americans who has actually visited north korea. david, you say that north korea wants to be able to threaten the united states. why? >> well i think they see the united states as an enemy. so i would say that this, the launch does happen it is not to celebrate the anniversary of, or to mourn, whatever you want to say the death of kim jong-il last december. that they are doing this test to further their own national security interests and, one of those interests is to have a robust, i would argue, nuclear deterrent against the united states. now, i would also add that they are more than willing to negotiate about that. i don't think it's inevitable that north korea would have nuclear-tipped ballistic missiles aimed at the united states but i do think they intend to try to accomplish that and this launch is a step, probably an early step, in terms of the developing that capability. jon: well the u.n., the u.s., seoul, said if you launch the missile it will be very provocative act. it could bring on new sanctions. i thought we were sanctioning everything we could in north korea. are we not? >> no, no. again a lot of new techniques have been applied developing new sanctions to iran. one of the methods to apply u.n. and e.u. sanctions of iran was to study the economy of iran. look for have anotherabilities in their financial system and their trade system and that kind of approach has not been applied to north korea very effectively. therefore the sanctions have been rather porous. i would bet north korea buys a lot of things for its missile program in china. we know they buy things for their gas centrifuge program in china. some things are made in germany. probably made in the u.s. china has been a major gap in this whole system. on sanctions and north korea could face tougher action from china might constrict some of its ability to buy things that it absolutely needs for its nuclear programs. jon: you think it is likely american-made technology is helping north korea with its missile program? >> could be. i don't know the missile program nearly as well as the nuclear but what north korea does, it uses china a sense as a transshipment point because many companies, high-tech companies from america, from europe, have subsidiaries in china, selling to chinese industries and trading companies. north korea works that system very well to end up with those kinds of high-tech items from outside china. and so while i can't speak specifically on the missile program i certainly can on the nuclear and yes, indeed, north korea buys european high-tech equipment and likely u.s. equipment. so it's a problem. china has been made aware of the problem but they haven't done enough and, i think this missile launch could be a further step. again if it happens, it could be another step in building pressure on china to enforce the u.n. security council sanctions on north korea and in fact to team up with the rest of the world to try to apply stronger sanctions and more effective sanctions on north korea. jon: kim jong-un and his father indicated, they proved time and time again they were more interested in having ballistic missiles and that kind of technology than they were in seeing their people fed. are you convinced that there is a way to impose sanctions on north korea that would hurt the regime without making more of the people starve? >> well, i think, in the initial stage, yes. i mean i think one of the lessons of iran is that at some point the sanctions can bite so deeply that the average person is going to suffer. now, these sanctions on north korea, if followed the through will be make it much harder on elite. most of the people in north korea suffering so much they will probably not suffer more with the sanctions the target of the sanctions is the nuclear and missile programs. so there is a lot of work that can be done applying those and finding better ways of applying those in north korea. jon: david albright from the institute of science and national security. a man who has been to north korea. david, interesting. >> thank you. jon: thank you. jenna: we'll turn to an amazing discovery in medicine. the parents of a young lukemia patient say they have their daughter back. little emma making a full recovery after an experimental treatment that uses the hiv virus for good. the doctors in with a closer look at a remarkable medical break-through and what it could mean for potentially curing cancer. >>> mexican american singer. jenni rivera killed in a plane crash. what we know about the plane crash and more on her extraordinary career next hour the man who created software that millions have on computers is accused murder. why john mcafee says he is being targeted by corrupt authorities. we'll tell you latest on that story. >>> big tax breaks for makers of solar panels. people in one say the promise of new jobs and more revenue is simply not panning out. >>> we showed you one chapter of the story that played out on friday. a world war ii plane raised from the bottom of lake mesh gan. -- michigan. what is happening now new next hour. jon: mexican american singing sensation jenni rivera is confirmed dead after the plane she was using crashed in mountains in north mexico. six other were killed. they are searching for wreckage in the plane. she sold millions of records and won all kinds of awards. jenna: well a young lukemia patient is now in full remission after a experimental new treatment that some say may change the way that we treat cancer. doctors using a disabled form of hiv altered 6-year-old emma whitehead's immune cells. her parents agreeing to the procedure in a last-ditch effort to save her life. six months later apparently she is doing okay. dr. lee vinocur of lsu is with us now. let's go through this step by step, doctor. why a disabled form of hiv? >> well it is interesting. it is a form of immune therapy and hiv is a virus that invades t-cells and very frequently we use viruses as vehicles to get into cells and by using the t-cells, the t cells get targeted and engineered to kill her b-cells which are the cells that have gone haywire and caused lukemia. jenna: t-cells if i could, are like watchdogs in your body. when an intruder comes in, in this case it is cancer, the t-cells can attack the cancer and make you well? >> right. but they naturally wouldn't be doing that unless you had an autoimmune problem where your own cells attack your body. by engineering them and using, putting the genes in with the hiv virus which normally invades t-cells anyway, that is how hiv kills people, it kills your t-cells. so by normally doing that and then programing it through genes to kill the b-cells, it is picking up a protein on the b-cell but on the healthy b-sells and cancer russ b-cells. so that is the draw back. jenna: when you genetically modify hiv virus do you have a risk of getting the virus down the line? >> no, it is pretty much gutted out. normally it would invade a t-cell and multiplying very fast and break out and invade more t-cells and kill your t-cells. but it is modified so it can not replicate. it gets into the t cell and puts genes and dna there that recognizes the b-cell as foreign and kills the b-cell. jenna: so much of a significant part of this story that this little girl has survived and a few adults have gone through this treatment have also survived. once you do the treatment, doc, do you have to continue to do the treatment the next several years? do you need more t cells trained or genetically modified to make sure you keep the bad stuff away? >> that is a good question, jenna. we're talking about four people. it is still very early. she was the first girl. there were three other adults. it sort of works like a vaccine. it kills the cancer cells. those t-cells die down as there is less and less cancer cells and she went miraculously into remission so far. then you have the memory cells which sort of cruise around the body and wait for another invasion. that is how a vaccine works. then if you get exposed to that germ or whatever the memory cells ramp up again and you make more of the t-cells. theoretically it could be like a lifelong immunity. jenna: that is amazing. we should mention to the viewers during the treatment, there are moments where you get very, very sick. one doctor called it the shake and bakes. when you get this stuff out of your system. this little girl almost died during this treatment. now, of course now she is doing well and happy for her. >> right. jenna: some suggest, doc, that this could replace bone marrow transplants? how big of a deal do you think it is getting closer to the cure for cancer? >> well i think that it is a pretty big deal and it is modulating the immune system. it is a targeted personal therapy so not one, it is genetically engineered just for your b-cells and it has to be done individually. but, it is less money than a bone marrow transplant but still more expensive than regular chemotherapy. but it is definitely a first step and they will eventually look at it towards solid tumors, breast, prostate. so i think it's pretty promising and very exciting that you're able to make these natural killers in your own body to attack your cancer. jenna: it is fascinating. she is 7 years old. her favorite subjects in school, recess and lunch. we wish little emma well. we can certainly understand that, can't we. >> right. jenna: we'll talk about something that may move us in a positive direction when it comes to the fight against cancer. doctor, always great to see you. thank you so much. >> thanks for having me. jon: somebody who might be shopping for a new cure for cancer, venezuela's president, hugo chavez will undergo a fourth operation for cancer we're told. will he be forced to leave office? what could that mean for the united states and our relations with that country? >>> also we hear a lot about what will happen if the country goes off the so-called fiscal cliff. the man who served as co-chair of the president's debt commission, former senator alan simpson has criticized both parties for failing to reach an agreement. we'll take a look whether he's right. >> if anybody out there who is quote rich doesn't think their taxes go up, the drinks are on me. 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[ male announcer ] progresso. you gotta taste this soup. jon: right now an update on the health of venezuela's president hugo chavez. chavez announced he has pelvic cancer and it has returned. this could affect his presidency. patti ann browne with new details for us? >> reporter: the announcement from president hugo chavez is raising question about venezuela's constitution and it is rallying his opposition. chavez addressed the nation saturday night saying his cancer has returned and he may not be able to serve a fourth term. chavez is due to be sworn in january 10th and headed to cuba for the fourth surgery and treatment for pelvic cancer and he says he might not be well enough to take the oath of office. in his half hour address, chavez said he should be succeeded by his 52-year-old vice president, nicholas meduro. he was foreign minister before chavez named him to the current post. "l.a. times" and other outlets say the possibility of chavez leaving office could boost chances of opposition candidate. the announcement has rocked the political world in venezuela and wealth beyond. jon: patti ann browne joining us from the breaking news desk. thank you? >> reporter: thank you. jenna: a new information on the fiscal cliff crisis. easy enough for me to say. the fiscal cliff crisis and what going off it could actually mean for us. there seems to be little disagreement what this is all about. take a listen. >> when you're addicted to debt, 16 trillion bucks and you're in the hole, one trillion, and the markets will jump in and nobody will know when that is. the tippingpoint was always described by dick durbin, when will it happen? when it happens interest rates will go up, inflation will go up and guy that gets hurt the worst is the little guy. >> i think the overhyping of deficit, the deficit mania that is seized this town is kind of crazy. i mean i love alan simpson and erskine bowles, they're talking about inflation at a moment when people are paying us money to invest in our treasury bonds? jenna: charles payne, fox business network. he has his own list what we should worry about, charles, who is right here? >> reporter: i got to tell you the idea people are giving us money, america to our treasury bonds doesn't necessarily mean it is a vote of confidence in america. means the alternatives, traditional alternatives like europe are so much scarier but that is the path we're going down, jenna. it is disingenuous to suggest, hey, the federal reserve is printing money to buy treasury bonds somehow that means inflation is not a big deal. somehow 16 trillion in debt going north of 20 trillion in debt is not a big deal. it is a big deal. the correct answer, everyone, everyone watching this show, i don't care if you're working or not working, you will be negative impacted what is going on in washington right now. jenna: what does that look like? high inflation, high interest rates coming down the line that alan simpson is mentioning? >> absolutely. alan simpson is spot on. as debt-to-gdp ratio grows, it impacts the growth of your country, no doubt about it. europe, 70%, 80% is when you start to see negative impact. that hurts everyone and all of our live lie hoods. when you get 95% of the gdp when it starts to have disasterous impact. >> wealthy are in focus for this fiscal cliff deal but based on what we're talking about here today, charles, you believe your average american family, regardless what happens with this deal or not, will be affected when by some of these higher interest rates or higher inflation you see coming for the country? >> absolutely. even without this, just with some taxes coming in, associated with the new health care law and other things, we're talking about people paying taxes on what they call, unearned income, which is misno, ma'am ir. obviously money you got to invest in that restaurant or invest in the stocks was earned in the first place and you're taking a risk. if you pay taxes on rent, as person paying taxes guess who will pass the cost along? i will pass along to whoever is renting from me. jenna: when you see this, we go back to the high inflation, some other impacts, we're printing so much money from the federal reserve. that is something we expect to hear this week from the federal reserve we'll continue do in the year to come, when do you see the pedal hitting the metal so to say, charles? when do you see higher inflation to come? >> i've got to tell you in many respects it is already here. this is what people should realize. the way the government watches through the cpi number, they take into account a basket of goods. let's say you were able to buy a porthouse steak last year 50 bucks a pound. if you buy a flank steak at 50 bucks a pound, inflation hasn't adjusted. federal income taxes won't be calculated into the official way they take into account inflation. local taxes are but not federal taxes. life will be more expensive for most people. they won't even take that into account. inflation is already here and will get worse. jenna: i think my head hurt a little bit, jon. i'm getting hungry by the minutes of steak. >> i always do a 2-for-1. jon: charles is buying. jenna: great advice, charles. thanks for your perspective. we'll be back with more "happening now" at the top of the hour ♪ [ male announcer ] campbell's green bean casserole. it's amazing what soup can do and now -- i got a great new way to get deals. it's called bankamerideals, from bank of america. i choose the cash back deals in my mobile or online banking. i just use my bank of america debit or credit card when i pay. and i get as much as 15% cash back -- put into my account. this is cash back on top of other rewards i already get. best of all -- it's free. happy holidays. [ male announcer ] introducing bankamerideals, free for online banking customers. sign in to your online banking to choose your deals today. jenna: the window is open and the world watching. north korea set to fire a long-rank rocket. many think this is a test for developing a long range ballistic missile, one that could reach the u.s. mainland. word the launch could be delayed. we'll sort through some of that for you coming up in a moment. the daring rescue of an american doctor held captive by the taliban in afghanistan, one navy seal killed, the member of one of our most elite teams. the latest on that story. big tax breaks and other financial perks for the makers of solar panels. some people in one state say they are really not getting the love back they expected. why green energy is leaving some folks a little blue. those stories and breaking news all "happening now." the whole region on high alert as north korea moves ahead with plans to launch the long range rocket despite technical trouble we are hearing about. welcome to "happening now," i'm jenna. jon: i'm jon scott. the secretive nation announced a delay. the last attempt in april ended in failure. the united nations band north korea from conducting any missile tests several years ago after it tested nuclear weapons. the west considers the upcoming launch test for north korea to try to develop an intercontinental ballistic missile capable of deliver a warhead. pwaeufdavid piper is streaming live from thailand. >> reporter: north korea wants to get this off without a hitch because the last one failed in april. a spokesman for north korea said there were technical problems with the module of the rocket but didn't elaborate. he said they were extending the launch period from now until december 29th. he added they were going ahead with final preparations for the launch despite those problems. scientists say the problem could be the unusually freezing weather around the site at the moment which could stall the liftoff. analysts are suggesting the delay may be because it's ally china as put pressure on them to stop the launch. the new leader kim jong un seems to be pushing for the rocket test. he calls it a peaceful bid to push toward its space program and says it was the last wish of the country's late president kim jong-il who died last december. december 17th is also an as you suspicious day for the north korea as it founder kim il sung was born a hundred years ago that day. it is possible they will try to fire the rocket then. if they do i will will cause an international outcry. washington says it's an attempt to test the missile to see if it will reach the united states. if the launch is successful north korea could develop international intercontinental ballistic missiles capable of reach the u.s. mainland within a couple of years. both have warned if the test goes ahead north korea will face new sanctions. it comes at a sensitive time for both south korea and japan who hold elections this month. tokyo has already deployed its military to takeout any debris from the rocket and also the u.s. military as deployed more ships with special antimissile systems so they could intercept the rocket if it does go towards japan. back to you, jon. jon: david piper keeping an eye on north korea. thank you. jenna: we'll stay with overseas news and go straight to egypt. egypt plunging deeper into turmoil as the military acting on orders of the president there out in force and giving new power to arrest civilians ahead of this week's vote on that draft constitution that is so controversial. this as thousands of protestors take to the streets near the presidential palace in cairo demanding the fall of the new regime. conor powell is live with more now. >> reporter: jenna, this political crisis is only growing and increasing in seriousness. at the heart of all this is the draft constitution which is supposed to be voted on on saturday. opposition groups want that vote postponed. they say the draft constitution is too islamic, they say it's antidemocratic. the morsi government wants this vote to happen. protestors have been out for nearly three weeks now. today morsi instituted marshal law. he's given the egyptian military police power to arrest anyone protesting. the decree lasts until december 15th, saturday, but the military and the police also have the ability to arrest civilians all the way up until the votes and the results are released. this so-called temporary security measure of course revives memories of the hosni mubarak era which had similar measures and they lasted all the way up until his overthrow nearly two years ago. opposition groups are calling for protest votes tomorrow and through the weekend on saturday, and morsi is calling his supportress to get out there. over the weekend, though, the military tried to play the role of mediator. they essentially called for dialogue, wanted both sides to talk. if they start arresting people over the next few days their role of mediator will likely end and, jenna it is not clear what will happen. we could see a renewed sense of violence on the streets, and this could get really, really nasty overt next few days. jenna: all the more reason to keep a close eye on what is happening there. connor, thank you very much. jon: right now president obama is on his way to michigan to continue his campaign to raise taxes on the wealthy. he'll be meeting with some autoworkers, asking them to support his plan to avoid the fiscal cliff. yesterday the president invited house speaker john boehner to the white house for their first face-to-face meeting in weeks. neither party releasing any details of what transpired in that meeting. reuters is reporting the house republican offer issued last week, quote, remains the republican offer. speaker john boehner is still waiting for a new proposal from president obama, that is all uncording to an unnamed aide to the speaker. meanwhile some republicans are calling on speaker john boehner to give the president what he wants on taxes so the party can focus on cutting entitlement programs. >> a lot of people are putting forth a theory, and i actually think it has merit where you go ahead and give the president the 2% increase that he's talking about, the rate increase on the top 2%, and all of a sudden the shift goes back to entitlements. >> if speaker john boehner ends up with senator corker has just said he is we will get a large agreement. but speaker john boehner hasn't said that, and so we democrats realize that there have to be two sides to this bargain. jon: special report anchor bret baier joins us now in washington. if people like senator corker say the tax increases would be okay with them on the highs income earners in this country it seems that that is bound to be part of the deal that transpires here. >> reporter: jon, senator cork eris not in the house corkerrer. jon: go point. >> reporter: he does not have a vote there. john boehner is steering the investigation and he has to steer 218 house republicans to vote for this deal. they really steer the ship. senator corker can talk about possible compromises and obviously he's influential when he speaks about it, but the bottom line it's about those votes in the house chamber. you know, behind me you could usually see the capitol dome, it's very foggy here and it's very foggy about seeing the picture of how exactly this all comes together on the fiscal cliff negotiations. while there are outlines of what a possible compromise could look like, liken stead of raising tax rates to 39.6% which was the clinton-era rate, maybe go to 37% and close some loopholes and deductions. there are still not indications that house republicans are willing to do that. and on the spending side, which really if you look at the media across the board, there hasn't been a lot of focus on it at all. the spending side. and what spending cuts are on the table. we haven't heard anything specific about what is in addition to what's been out there from the very beginning. jon: right because the republicans claim the country doesn't have an income or a revenue problem it has a spending problem, and that's where republicans say the bulk of the savings, or the rescue plan for this -- this budget is going to come. >> reporter: sure, i mean you have some proposals that are out there, for example, means testing, medicare, social security. you have adjustments to consumer price index with social security, not to get too in the weeds here, but all of these things add up to significant numbers at the end of the day, and you also have raising retirement age. those things are not things that the democratic caucus has been willing to talk about, or to touch, so you have this standoff, and it is continuing, and we don't have specifics of that meeting between president obama and house speaker john boehner, but here is another thing to remember is that despite the fact that you have this deadline at the end of the year, the deadline really is about five days before christmas, right about the 19th or the 20th, because you need legislative days to make the legislative sausage work up here on capitol hill even though you can't see it behind me, they need time to make it all come together legislatively. jon: thank you. be sure to catch bret tonight anchoring special report at 6:00 on fox news channel. jenna: we will be talking a little bit about the man of accused murdering people inside a kroeud movie theater. what is happening while he's back in court today. it's the first time we've seen him since he reportedly tried to kill himself in jail. the latest, a live report from colorado coming up. also we watched together on friday a world war ii fighter jet being brought to the surface after sitting at the bottom of lake michigan for more than 6 5:00 years. where its headed now, and what about the other reported 80 planes on the bottom of that lake, just like that one? we'll talk about that coming up. [ loud party sounds ] hi, i'm ensure clear... clear, huh? i'm not juice or fancy water. i've g
CNN
Dec 10, 2012 1:00am PST
>>> let's get you up to speed on the day's headlines. president barack obama and house speaker john boehner met face to face at the white house today. no details on their conversations but refs for both sides say the lines of communication remain open. the last time the president and the speaker met in person to talk about the fiscal cliff was more than three weeks ago. >>> just after midnight on sunday gay couples in washington state made history. the voter approved referendum was signed into law on wednesday. >>> venezuelan president yugo chavez is returning to cuba for more cancer surgery. this time he is making sure a new leader is in place in case he doesn't return. he named the vice president as his choice for his choice in case something happens to him. he's scheduled to be swarn in for a new six-year term on january 10th. >>> some very sad news for fans of music superstar jenny rivera. they have found the wreckage of the private jet believing to be carrying the popular mexican-american singer and six others. the plane lost contact early this morning. so far, no cause has been given for that crash. >>> the menorah has been illuminated tonight, marking the start of hanukkah. >>> of course, no hanukkah celebration would be complete without the spinning dradel. >>> you're getting slammed right now by a major winter storm in the great lakes area. it's the most snow in the minneapolis area so far this season and we're still a week and a half away from the start of winter. a few more inches will accumulate tonight. that storm will bring rain to new england tomorrow. we have more now on those fiscal cliff talks today between president obama and house speaker john boehner. emily schmidt is in washington. >> reporter: it this been 23 days since president obama and house speaker john boehner met face to face to talk about how to avert it. that's until they met this afternoon. this was a surprise meeting. nobody spotted boehner coming or going. nobody is saying much beyond two statements, one from the white house, from one boehner's office. the wording here is identical, ening with this, the lines of communication remain open. the two men last spoke by phone on wednesday. ontry, mr. boehner said the white house had wasted another week for potential compromise. we don't know what prompted this meeting, just that for the first time in a while, the two sides are agreeing on something even if it's just the wording of their statements and keeping tight lipped about what was said. don? >> emily, thank you very much. >>> in today's meetings between president obama and speaker boehner, is it a sign we're close to a fiscal cliff deal? i asked cnn senior political analyst david gergen. >> they recognize the deadlines are coming at them fast and this week is a crucial week to see if they can get a breakthrough. they did it in private instead of the political theater we've been seeing is over the last couple weeks. i think that's encouraging. don, we should be patient here. there's even a bigger long-term issue and that is whether the kind of agreement they could reach now will lead to a grand bargain or whether it will lead to a mouse instead of an elephant. we don't know that yet. we'll have to wait and see how what they can craft this week and see indeed if they can get past the fiscal cliff. that's point one. in some ways, don, what's at stake here is whether they can craft a deal that's win/win. that each side can walk away from something in the short term saying we're encouraged, this gives us greater reason to go on and engage in the grand bargain next year. this is a moment, don, when a lot of things are hanging in the balance. the talks, having to actually sit down today is encouraging. they don't want to take this all the way to the 11th hour in the 59th minute. they want to see if they can get a breakthrough now. that's encouraging. >> cnn's david gergen. are there hints that the republicans and democrats are moving closer together on a budget deal? we'll talk about that, next. >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they can open bogus accounts, stealing your credit, your money and ruining your reputation. that's why you need lifelock to relentlessly protect what matters most... 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two full months of identity theft protection risk free. that's right, 60 days risk-free. use promo code: gethelp. if you're not completely satisfied, notify lifelock and you won't pay a cent. order now and also get this shredder to keep your documents out of the wrong hands-- a $29 dollar value, free. get protected now. call the number on your screen or go to lifelock.com to try lifelock protection risk free for a full 60 days. use promo code: gethelp. plus get this document shredder free-- but only if you act right now. call the number on your screen now! >>> just when you thought the fiscal cliff talks was at a standstill, boehner spent the day at the white house with obama, and we like to spend our afternoons with analysts. elsie granderson, and navarro. we have the senior writer for espn. good to see both of you. okay? >> yes. >> boehner had pretty tough words for the president on friday. let's listen. >> there is a lot of things possible to put the revenue on the table but none of it will be possible if the president insists on his position and insist on my way or the highway. >> anna, he also said the white house has wasted another week, and now two days later, they are meeting again. did boehner's remarks make the difference? >> good. i think it's great. we cannot reach a deal if you are posturing and negotiating through press conferences. they need to sit in a room and look at each other. they need to talk constructive debate and they need to move this ball forward. i think what happened today is a very good sign. americans should be encouraged, it's a good thing when the congressional leadership and the president are actually capable of meeting and talking about the difficult issues that face this country. what a refreshing and new idea. >> when you hear people like -- so you hear members of the gop and chand lilis, corker, and they are saying he will only do this, and then the messaging that you hear on television is quite different than what is actually being said behind closed doors. i think you make a good point, ana. do you agree there seems to be competing messaging going on here? >> they have to do the posturing to make sure the public stays on their side of it, and the constituents look like they are doing what they said they would do, and this is the only way they will get anything done, sitting in a room and hashing it out. and listen, both of these men are very, very pragmatic. they're both very cautious guys. they're not as extreme as some of the voices in their parties happen to be. you have two politicians in washington doing what needs to be done for the better of the country, and i agree it's a good thing, and maybe they went to see lincoln together to see if they can get something done like lincoln did. >> like a bromance going on. >> don, i think senator coker put up a very good point. this is not the end-all, be-all of negotiations. there's a lot of big and hairy problems facing the country that president obama and congress will want done, that congress will want done, so there's a lot of room and space and time, four long years of negotiations. sometimes the democrats will have more leverage and sometimes the republicans will have more leverage. >> there you go. right. people yell it's not fair, it's not fair, everybody does it. >> it's not even four years. we will have a debt ceiling conversation in a few months. >> right, right. >> you have to remember that this is rapid fire. as soon as we get passed the fiscal cliff, president obama will have to meet again with boehner to discuss the debt ceiling. >> thank you, ana, thank you, lz. >>> steven baldwin was arrested and when he was released he wanted to come on this show and explain himself. that's next. >>> stephen baldwin was arrested this week in new york. the district attorney says he owes more than $350,000 for not paying his state taxes for three years. he pleaded not guilty. baldwin said he paid $100,000 already to new york state. earlier he told me he knew all this was coming. >> i've been in a conversation about this very thing for several months now. and, again, i'm not trying to be funny when i say this. i'm grateful these guys are givi me a chance to work it out. it's a tough situation because it wasn't me specifically, as you know, don, you have people do your taxes for you, et cetera, et cetera. it wasn't handled appropriately. i am ultimately responsible but i am in a conversation and we are communicating with them and what i'm told is that we're going to be able to work it out. i'm hoping that's the end result. >> but for you, explain to the audience what happened. >> well -- i don't want to cry in my coffee here, but the long story short is when i moved out of doing my normal career and mainstream secular hollywood and started to get into mostly faith-based stuff, it changed my income a whole lot. that led to a lot of inexperience on my part, and then i had a very publ stuff and then i got hit with the bad situation that i am in right now with some accountants that didn't represent me appropriately, so it has been a domino affect. the blessing is, to be honest with you, in the wake of what has happened in the last 48 hours i have had nothing but really positive support from business people, partners i am involved with with stuff i have coming in the new year that will be helpful to straightening all this out. i am looking forward to looking into that and looking there and staying positive and being successful and paying my taxes. >> if you were in negotiations and you knew what was going on, how did that turn into an arrest, stephen? >> that's part of the conversation that we've been having with these folks, was that sometimes, don, when you're in a certain position, things happen a certain way. as i said before -- >> come on, stephen, you have always been very up front with me every time i have you on the air. what do you mean by that? >> i think that -- listen, i assume responsibility for this and i think that when you're in a certain position of visibility and you don't do things the right way, legally they have the right to come down on you in a certain way so that other people say to themselves, well, maybe i should do the right thing. that's part of the situation, i believe, i'm in right now. i'm just hopeful it's going to be the end result will be that i can move forward, stay positive, be successful in the business that i have coming in the new year. >> because you're a celebrity, you think they made an example out of you? >> well, listen, i think that's not something that we have not seen in the past that hasn't been true. i don't want to sugar coat one thing. i have the utmost respect for the people that i am in the conversation with, the rocklin county d.a. is upset and i want to do the right thing and get this bill paid. i can do it, i just have to get back to work. >> okay, good. so then can you explain this mug shot to me? because some people compared this mug shot to zoo lander because it looks like you're posing here. you look like zoolander in that mug shot. what was going on with you? >> i think we will share in this, don, when you take in the photos, you are used to, like, one expression a lot of the time, and -- >> you made that pose with your daughter in that picture, right? that's your pose. is that your -- what does -- is that your magnum? >> well, i look at it this way, if i am in the situation i am in, i might as well have a decent mugshot. >> give me the pose? strike a pose. how was it? >> you are not going to really make me do this, are you? >> yeah. i'm gonna make you do it. come on. >> does that work. is that good? >> you are such a good sport. >> you are, too. thank you for letting me come on and talk about this. >> stephen has a charity. we'll put it online for you. it's his mom's charity. we'll put it online for you. look for it on our blog. >>> in michigan they're working to pass a right to work law. some workers in the state are not happy about one thing, and that's next. >>> you don't have to inbound front of a television to watch cnn, you can do it if your computer at work, go to cnn.com/tv. >>> this is a terrible story out of western pennsylvania. a little boy, 7 years old, shot to death in the parking lot of this gun store north of pittsburgh. police say the boy was buckling himself into a car seat when the pistol his father was handling in the front seat accidentally went off. can you imagine? the bullet hit the boy and he died at the scene. the father could face charges over this. authorities say he is beside himself. >> the father is traumatized and visibly shaken. it's -- experienced probably the worst tragedy anybody can go through is to take your own son's life. >> officers that talked to the father say he was not aware that his pistol was even loaded. >>> president barack obama visits union heavy michigan tomorrow, a state he won easily last month and now the center of new labor protests. the michigan legislature is close to passing a right to work law and that is not sitting well with workers in the state where organized labor was born. united auto workers is firmly against the law which limits the union's power. michigan's republican governor says he'll sign the bill if it hits his desk this week. >>> it's been dubbed the fireball over texas. a bright light was seen streaking across the houston sky friday morning and for a few hours it was the walk of the town. debra wrigley of ktrk has the story. >> reporter: from a nasa camera, it looked like a bright light above the earth. that's the view from space. these are from eyewitness viewers around houston area, just as day was breaking, a bright flash of light that some people first thought was lightning. >> i was like i guess it's going to rain. >> reporter: it wasn't the weather and it was spotted all around texas. this map just a sampling of sightings in the houston area, and these are some of the pictures sent to abc13.com. showing a small area of colored light. others showing a trail behind it. and people have been talking about it all day. >> like a ufo, taking a picture of the sky, like a big flash. >> co-workers who are talking about did you hear about the flash this morning? i'm like, flash? should i be concerned? >> reporter: at the houston museum of natural science, not concern, but a lot of curiosity. >> it's going so fast it actually gets through the atmosphere. that makes the glow. >> the museum's astronomer suspects it's a meteorite, a small piece of rock burning through space. if it meets the criteria. >> did it make a trail, did it actually move, did it change color, did it move from east to west? >> reporter: a lot of scientists searching for an explanation of what's called the fireball over texas. a lot of people who aren't scientists as well. >> i've heard so many different things about 2012, so it's kind of scary, because it's getting closer to that date. >> that was debra wrigley reporting. nasa has since cleared up the confusion. the flashing light, a meteor. >>> changing the look of our men and women in uniform and the military they might even take a page out of "harry potter." that's next. >>> almost half passed the hour. let's get a look at the headlines now. president obama and house speaker john boehner met face to face at the white house today to try and prevent the fiscal cliff that's now just 23 days away. we don't have much on details, their conversation, but reps from both sides say lines of communication remain open. the president and house speaker have not met face to face in at least three weeks. and here is oklahoma senator, tom coburn. >> so will i accept a tax increase as a part of a deal to actually solve our problems? yes. >> president obama wants republicans to sign off on the wealthy tax hike before any negotiations about spending cuts begin. >>> a cloud of political uncertainty hanging over venezuela. president hugo chavez announced that his cancer has return and he's traveling to cuba for surgery for a third time. this time, the 58-year-old leader, named the vice president as his choice to replace him in case something were to happen to happen. >>> a man who shot three people to death on an indian reservation in california has been killed. police near fresno were involved in the shootout with the man who reportedly opened fire earlier on several people, three of whom died. his two young daughters were wounded, and police chased the suspect and said he shot at them, too. no word yet on what prompted his rampage. >>> the national menorah in front of the white house, illuminated tonight, marking the eight-day start of the jewish holiday hanukkah. ♪ of course, no hanukkah celebration would be complete without a spinning draddel. this was performed by the u.s. navy band. >>> the fiscal cliff grabbing the headlines in washington. but that's not the only big event at the nation's capital. next month, president obama will be inaugurated for a second term and that means plenty of turnover among his top advisers. emily schmitt has a look at the upcoming cabinet. >> reporter: this -- >> this is a wonderful opportunity for me to meet with my full cabinet. >> reporter: maybe the last glimpse of this picture. >> he wants to put together a team, especially in international affairs, a team overall that going into a second term doesn't look like a second team, does not look like a group of second stringers. >> reporter: the likely short list to succeed secretary of state hillary clinton, is also politically charged. susan rice is thought to be a leading contender, but some republicans have been highly critical of rice following the attack on the u.s. consulate in libya. >> when they go after the u.n. ambassador, apparently because they think she's an easy target, then they've got a problem with me. >> senator mccain? >> thank you very much, mr. secretary. >> senator john mccain jokingly gave the cabinet post nod to democrat john kerry, the senate foreign relations committee chairman. >> i think john kerry would be an excellent appointment and would be easily confirmed by his colleagues. >> kerry is also list as a potential defense secretary to replace leon panetta. it's a list that includes michelle flornoy. and former nebraska senator, chuck hagel, a republican, could represent a teach across the aisle. >> we are in a stronger position today as a country than we were in '08. >> reporter: treasury secretary tim geithner said he will stay at his post at least until inauguration. and the chief of staff is often named as a potential replacement. a poll asked if he thought president obama would pick good cabinet members. 58% said they thought he would. 42% said he would not. emily schmidt, cnn, washington. >> the u.s. military wants its people to be invisible, literally. and somebody will pocket a lot of money if they can come up with the camouflage of the future. and we're not talking about leaves and sticks here, and chris lawrence reports on one scientists that can make soldiers disappear. >> reporter: camouflage could mean the difference between a soldier getting shot and going home. so a lot is riding on the next generation designed to outfit troops. it's only been eight years since the army spent $5 billion on cam mow that critics say didn't fool anyone. soldiers complained to the point army abandoned its one size fits all universal pattern. >> they were looking for camouflage that they could use everywhere? >> correct, and it didn't work anywhere. >> reporter: guy cramer is one of the designers working to win the army's next multimillion dollar contract. this summer he showed us the science behind every size and shade of these pixels. >> reporter: digital pattern creates things already found in nature and 3-d layering creates depth and shadows where none exist. that's today's design. developers already have one eye on tomorrow. >> what's coming up down the road and very quickly is the harry potter cloak. >> reporter: with that fictional cloak, harry isn't just cam flojd, he's invisible. >> my body's gone! >> reporter: how invisible am i talking here? if i walked into a room with a soldier wearing a cloak? >> you wouldn't see him at all. he would be completely invisible to you. >> reporter: this is not make believe. it's a quantum stelth technology. it works by bending light around an object. it's concealing most of a person's shadow. imagine what that could do with a sniper hiding in a field. or the american pilots ejected over libya when their fighter jets crashed last year. >> they could pull out similar to what they carry with a survival blanket, throw it over top of them. and unless you walked right into them, you wouldn't know they were there. >> reporter: what was once firmly in the world of make believe could quickly become quite real. and the science is in the special fabric. so you don't need a power source or some instruction manual to make it work. theoretically, any soldier, even in the most remote location could quickly put it on and put it to work. chris lawrence, cnn, the pentagon. >> what will they think of next? >>> nba legend sits down to talk with me about his incredible life and facing death. >> i thought about my own mortality a number of times, especially since i've been diagnosed with leukemia. that's the first thing you think about. all of a sudden you realize there's a clock up there with your name on it and the clock is ticking. >> i talked with kareem abdul-jabbar, next. >> announcer: 'tis the season of more-- more shopping, more dining out... and along with it, more identity theft. by the time this holiday season is over, an estimated 1.2 million identities may be stolen. every time you pull out your wallet, shop online or hit the road, you give thieves a chance to ruin your holiday. by the time you're done watching this, as many as 40 more identities may be stolen. you can't be on the lookout 24/7, but lifelock can. they're relentless about protecting your identity every minute of every day. when someone tries to take over your bank accounts, drain the equity in your home, or even tries to buy a car in your name, lifelock is on guard. and with lifelock's 24/7 alerts, they contact you by text, phone or email as soon as they detect suspicious activity in their network. lifelock wants you to be protected this holiday season, so they're giving you 60 days of protection risk-free. >> my years as a prosecutor taught me that you have to be proactive to protect yourself from crime, and that's especially true of identity theft. that's why i'm a member of lifelock. >> announcer: absolutely no one protects you better than lifelock, and they stand behind their protection with the power of their $1 million service guarantee. in fact, last year, lifelock protected over two million people during the holidays. and now they can do it for you. try lifelock's protection 60 days risk-free. call the number on your screen or go to lifelock.com/holidays. it only takes minutes to sign up. use promo code: holidays. order now and get a special holiday gift: a document shredder to keep sensitive documents out of the wrong hands... a $29 value, free! call the number on your screen or go online and let lifelock protect your identity for 60 days risk-free. because during the holidays, keeping your identity protected means keeping your family protected. >>> he is nba royalty. one of the best basketball players of all-time, kareem abdul-jabbar. he thrilled millions of fans with the sky hook, his trademark move on the court. a six-time mv. . he also is the nba's all-time leading scorer. what you may not know about abdul-jabbar is that he is among thousands of americans living with leukemia. as a paid spokesman for the makers of the drug therapy he takes, he sees his diagnose not as a death sentence but as a manageable disease. >> december of 2008 i was diagnosed. it came after a long series of night sweats and stuff that would come and go. it was months. i really should have gone and talked to my doctor about it earlier, and i thought it was just me getting older. and it was really symptoms of the type of leukemia i have which is called cml. chronic myaloid leukemia. i think for me being able to give other cml patients some encouragement and give them an idea that they are not alone, and that they can treat their condition and survive is very important, so that's why i am partnering with novartis has been very important to me, because it has enabled me to live with my life to the fullest. i have thought about my own mortality a number of times especially since i was diagnosed with leukemia. that's the first thing you think about. all of a sudden you realize there's a clock up there with your name on it and the clock is ticking. >> what would your day be like without the drug? >> i have to take my medication every day and i have to see my doctor and consult with him a couple times a year, four times a year. i get my blood tested to make sure the goals that we're trying to achieve are being met. >> but if that drug was not there, what would it be like? >> if that drug was not there, i probably would have had to undergo bone marrow transplant or something of that nature to try and lick it. >> it seems that we have reached a turning point when it comes to marijuana helping out with those diseases. it's been legalized in certain places, medical marijuana in california and on and on. what do you think about for the treatment of leukemia? where do you stand on that? >> the safest thing to do is talk to a hematologist who knows what he's talking about and know what works. and go with that. a lot of people suggest folk remedies that don't work. they're talking with people in all four corners of the world. i remember reading about certain plants that grow in the amazon basin that are unique to that area that could have benefits for people, so you know, gold is where you find it. >> you're a huge jazz fan, right? >> yes. >> you have a big collection. a lot of it was lost in a fire. >> all my vinele is gone. >> i just started collecting vinyl. you must have been heartbroken. >> there was a big blob of vinyl in my front yard. the technology was changing at that point from vinyl to cd, and i have been able to get most of what i lost on cd, and it has not been that much of a loss, although it has taken 20 to 30 years to replace everything. >> climbing to cruise at 42,000. we'll report again over lincoln. >> but, you know, that movie, i think that everybody that works in the airline industry watches that movie. i was flying in europe on another airline, and the pilot, it was a really big plane that had extra seats in the cockpit, and before we took off one of the pilots came out and said come with me, and i went into the cockpit and they strapped me in and we took off and now we can tell everybody we flew with murdoch. >> roger murdoch. i'm an airline pilot. i'm like, what? but that actually happened. >> what is taller? you or the statue? >> the statue is taller and it's taller than every other statue. i am closest to the street so everybody sees my statue first. >> how tall? >> 17 feet. >> it's an acknowledgment of what i achieved. >> what prompted you to write a children's book? >> i had an issue with the fact that so many kids, especially inner city kids don't think they can be a success unless they are involved in sports or entertainment. you take a young man growing up in harlem or the south side of chicago or here in atlanta and he wants to be jay-z, and he wants to be lebron james or denzel washington and he doesn't really see how wide the world is in terms of where he can be successful. i would tell any of the guys coming along, pursue your dreams as athletes. it's certainly something that's worthwhile but don't forget you have a mind. i always try to tell people that i can do more than stuff a ball through a hoop. my mind is my greatest asset. that should be the case for them. >> kareem abdul-jabbar, thank you. >>> now to the big stories of the week ahead, from white house to wall street and hollywood, our correspondents tell you what you need to know. we begin tonight with the president's plan for the week. >> i'm dan lothian at the white house. on monday, president obama hits the road again, this time going to redford, michigan, where he will continue his campaign to put pressure on lawmakers in order to prevent taxes from going up on the middle class. also we will be standing by to see if the white house makes any cabinet nominations especially who will replace secretary of state hillary clinton when she steps down. >> i am alison kosik at the new york stock exchange. facebook will get a new home this week, moving to the nasdaq 100. it's an elite index made up of the 100 biggest nonfinancial companies on the market. we'll also get november retail sales. expectations are high because of a record-breaking black friday weekend. meantime, the federal reserve meets on interest rates and will have a new outlook on the economy. and fedex preparing for its busiest day in history and the company expect to move 19 million packages monday as people rush to make online purchases in time for christmas. follow that and more on cnnmoney.com. >>> i'm "showbiz tonight's" a.j. hammer. rihanna, nicki minaj, lady gaga, "showbiz tonight" is counting down the most provocative celebrities of the entire year. so much drama but which star will come out on top? it's the "showbiz" countdown that can't be missed. >> thank you very much. >>> the bombing of pearl harbor, and cnn sat down with one soldier that was there to hear his incredible story. eóoç=Ñp >>> here is one of the 16 million americans who answered the call of service, and now he is sharing his chilling stories from war and the memories that have haunted him ever since. >> december 7th, 1941, a date that will live in infamy. >> i actually enlisted in january of 1943. i would have been drafted anyway, but i was anxious to get after the people who started this whole war after pearl harbor. so i found myself on board a troop ship in december of 1943 on the way to southampton, england. my name is mort waitzman. i was in the 29th infantry division. i was assigned to a communications intercept place where we intercepted german radio to help break down the german enigma code. as d-day approached, our job, our mission, was to board the ship and be prepared for d-day whenever it actually took place. and we soon found out that it was supposed to be june 5th, and the weather was bad and general eisenhower made it june 6th. i was at the beach at 5:00 or 6:00 in the morning. when those doors opened up, our job was to move out fast. enemy fire was very intense. and had very, very heavy casualties at the beach. 7,000 or 8,000 of our group was killed or wounded at that beach. there was a smell -- the smell of exploding gun powder and shortly afterwards, the smell of people bodies being torn apart. the smell of human flesh. it was an experience that any of us that any of us who experienced this, it was difficult from having recall that makes life difficult sometimes. those of us who survive ready very thankful, obviously. i know stories of comrades whose war was over that first day they were so badly injured or lost a limb or something like that. and their war was over. i try not to think too much about this all the time. you have to go on with life. we needed to move on to our primary objectives beyond the beach, more deeply into france, in normandy. and i was eventually assigned to one general's army. january 5th, 1944. it was a warm welcome to the americans they saw that day. the french were delighted. they threw flowers and kisses and so on. after the liberation of paris, our mission was to move rapidly eastward, general patton with his tank division was moving rapidly. we followed him in the liberation of belgium, lutzenburg -- luxembourg and into holland in 1944. were we getting close to the time of the battle of the bulge. we then got back our artillery forces and the support groups and we proceeded to attack across into germany. >> there's much more to the story. next, the images he will never be able to forget. >>> 71 years ago following the bombing of pearl harbor, the u.s. entered world war ii. they then moveded into germany and witnessed firsthand horrors of the haolocaust. you're about to see stark images of the war, sights that waitzman say still live with him to this very day. >> our first contact is what we call the holocaust. there was a city of dinslaken. we were greeted with thousands of dead bodies. it was conveyed to us later that the germans poured gasoline on people and burn them alive. we went to nordhausen. we went to this camp. after neutralizing their fire and lowering down the gates, we were again greeted by thousands of dead bodies. we came to a crematorium area. there were 10 or 12 ovens in that camp. most of them the doors were very hot. we got them open, found bones and ashes. we had no idea what to do for these poor people. we gave them sips of water and to not try to do anything else. the medical detachment got there shortly afterwards and did what they had to do. it was impossible to conceive man's inhumanity to a fellow man. american soldiers, a bunch of innocent guys, didn't know such terrible things in life and they were being exposed to all this. it affected us terribly. >> the 9th army pounds grimly along the northern road through the roar toward berlin. >> this was rapidly approaching toward early may of 1945. the russians occupied the -- and at the same time, hitler -- >> general eisenhower informs me that the forces of germany have surrendered to the united nations. >> you think that this is great, we can go home now. but there was the little issue of the japanese who started this whole thing with pearl harbor. well, the atom bombs were dropped in august of 1945. and that war was over. >> the japanese have signed terms of unconditional surrender. ♪ >> i first got over the radio what had taken place and i immediately broadcast it over my radio system to all the other troops. we're going home! it's over, it's over, it's over. i returned to commemorate the d-day anniversary, it was overwhelming. i -- i got to those beaches in norman normandy, and i remember getting vials of sand and visualing the sand was red even 50 years later. taking my family through the military cemetery where 10,000 of my comrades were bury ied, i could have been there. life was good to me. but to these guys, there they were. they had nothing after they were 19 years old, 18 years old. we fought and we died for the purposes that we all know about but it's still very elicit to us, the purple -- purpose of
CNN
Dec 4, 2012 4:00pm PST
>> a little bit too much. comes with the territory. >> i guess it does. >> remember, you can always follow what's going on in the situation room. we're on twitter. you can tweet me at wolf blitzer. >> you can tweet me at kate bolduan. >> and you want to spell kate bolduan? >> no, i don't, because people know. they can go on the google. >> it's not the usual spelling. >> knots not the typical spelling. >> thanks for watching. aaron burnet "outfront" starts right now. >>> "outfront" tonight, our lawmakers celebrate the holidays with a tree lighting, but they still can't see the light when it comes to the fiscal cliff. 28 days to go. what will it take to get a deal? >>> plus, the stern warning for syria from nato. the use of chemical weapons will bring an immediate reaction from the international community. we ask our panel if the united states will go to war. >>> and a new hollywood movie about the hunt for osama bin laden sparks oscar buzz and outrage. questions over just how much confidential information the film makers had access to. an "outfront" investigation. let's go "outfront." ♪ >>> good evening, everyone, i'm erin burnett. "outfront" tonight, let there be light. finally, some bulbs turned on in washington this evening. well, on the congressional christmas tree, that is. pretty beautiful. lights, love, camaraderie, song. but while our lawmakers took some time to celebrate together, they still weren't showing any spark when it came to negotiating a deal to avoid the fiscal cliff, which is the christmas present the country needs. today we heard president obama's response to the proposal that house speaker john boehner put on the table yesterday. >> the speaker's proposal right now is still out of balance. >> of out of balance. kind of similar to what republicans said last week when the president sent over his terms. so now what? will they sit down and talk it through? well, not according to at least one senior republican aide who told cnn today, no conversations today, no e-mails, tweets, carrier pigeons. as for boehner and obama, they actually did see each other in person at the white house holiday party last night in black tie. while other lawmakers waited in line to get the photo with the president, multiple sources from both sides of the aisle tell cnn that boehner wasn't among them. so much for holiday cheer. we have this picture. we're wait fworg the day there's a fiscal cliff. there wasn't total silence in washington today. senate majority leader harry reid spoke up. but in his case, in the form of a swipe. >> i sympathyize with john boehner. the key party has a firm grip on the republican party, and that's obvious, what's happened this morning here in washington. >> reporter: that disconnect in the gop was in the spotlight today. jim demint spoke out against boehner's proposal to the president. >> republicans should not be conceding that the federal government needs more money, negotiating with ourselves, and treating the president's proposal like it's serious. >> very critical of john boehner. and demint's press release aimed squarely at john boehner. $800 billion tax hike will destroy jobs, allow washington to spend more. as you all know, john boehner put an $800 billion tax hike as a center of his proposal. so john boehner got rejected from the white house, which wants another $800 billion on top of that in tax hikes and then rejected by the right wing of his own party which wants absolutely no tax hikes at all. so unlike harry reid, i actually feel genuine sympathy for john boehner. so kudos, speaker, for showing deserters or desenters who is boss. boehner stripped house members who opposed key committee assignments today. and earlier i spoke with one republican leader in the house who himself has been out of step with boehner in recent days. deputy whip congressman tom cole of oklahoma. he said the gop should agree to obama's proposal to extend bush tax rates for households that make less than $250,000. and they should do that deal right now, deal with the rest later. boehner said no way. and then tom cole said boehner should not offer a counterproposal to the fiscal cliff deal the president presented. boehner offered a proposal yesterday. i asked cole if he's frustrated with john boehner. >> no, not in the least. look, i support the speaker. and we're actually not very far apart on anything. and, you know, at the end of the day, he's going to negotiate a deal. it will probably be a challenging vote for a lot of people. i always support him. i would expect i will again and try and persuade others. just to be clear, i'm not for raising taxes on anybody. i think it's a mistake. i think all republicans believe that. however, you have to recognize the reality that at the end of the month, tax rates for every american that pays income tax are going to go up. so there is an area that we do agree with the president on. that is 98% of the american people, getting about 80% of this tax cut shouldn't have their taxes raised. so my suggestion -- it was delivered, by the way, in private and leaked and put in public. but that's fine. i mean, it's certainly what i said. my suggestion was let's take the one area that we agree and take it off the table. >> and -- but just to be clear, though, you actually think -- because this is when i saw your comment what i was so curious about, just from a negotiating standpoint. we had the super committee that failed, now we have the fiscal cliff, right? and if those sorts of deadlines aren't enough to get a deal, if you actually were -- were going to break with your own party or say go ahead, we'll extend them for the middle class, do you actually think that you would be able to negotiate a deal where they didn't go up on the top 2% at the beginning of the year? >> you might be able to negotiate that deal. again, i think a lot of people misunderstand, you know, what's happening with the 98%. number one, i don't think you ever ought to use the american people as, quote, leverage in a debate. that's a mistake. you don't treat people that way. second, much more importantly, it's not our leverage. it's the democrats' leverage. they're the ones going around, hollering, oh my goodness, taxes are going to go up on everybody unless we do something. let's just take that leverage away from them. our real leverage are the spending cuts which democrats don't want to make, and ultimately further on down the debt ceiling. >> so let me ask you though, today nancy pelosi filed a petition to try to force a house vote later this month on extending the bush tax cuts for families that make under $250,000 a year. as you just said, you stand by your support of that position. but you've said you wouldn't support the petition by nancy pelosi. >> well, i'd like to ask leader pelosi how many discharged petitions she supported when she was speaker. i mean, the reality -- that's a little game. it's not going to be helpful. it's not going to get anything done. and no, i would never sign a discharge petition against my own speaker or my own conference. the way you do things is to negotiate. and frankly, the negotiation is going to largely involve the president of the united states and the speaker of the house of representatives. with all due respect to the other players, they're honestly less central to this. and if they can come to a deal, then i think we can avoid the fiscal cliff. >> and do you think that -- somebody put this idea out here. and this idea is really vile. i'll use the right word. i think you'll agree. here's the idea. let's go off the cliff, just for purely political reasons, nothing happens immediately, and then, you know, you all come back in session in early january, and you give the middle class a tax cut, and you give the wealthy a tax cut, they'll pay more than they're paying now but less than $39.6. is that possibly what both sides are angling to? >> you use the word vile and i'll echo that word. i think going over the cliff is a sdasster. i think social leaders negotiate the best deal they possibly can, and let's try and get this done. i would not be for playing a game of chicken, if you will, or trying to fool the american people who are pretty dad gum smart when it comes to these sorts of things. >> do you fear the right wing of your own party, a wing that says any revenue, as you heard jim demint say, no revenue, not part of the deal. do you think that's going to be what hurts your party and makes you feel on this? >> these are my friends and i agree with on the issues. but look, rates are going up if we don't act. some people act as if we can just hold tight and nothing will happen. the opposite is true. we have to react to prevent a massive tax hike. but with all due respect to those people that say we're putting revenue on the table, the american people did that when they elected, you know, the president and a democratic senate again. again, they have to agree to a deal or tax rates on everybody go up. i think we should do everything we can to avoid that for as many people as we possibly can. >> so far, four house gop members, as we said, john boehner has booted them from key committees for going against leadership. you're obviously the deputy whip. you are part of leadership. you have challenged john boehner. i mean, what you put out there, it may sound -- may sound very normal and calm and compromise-filled to many. but perhaps to him, it's a little bit of a slap in the face. have you talked to him about it directly? >> yeah, of course. i mean, look, i deal with the speaker on a regular basis. and he knows, look, i'm never going to undercut him and he knows when the tough votes come, and they're going to come, that i'll be there to try and support him and help him. so he's not going to scold me because i offered in private, you know, my advice that was solicited and then when it was leaked actually defended in public. i don't think he would expect me to do anything else. >> well, it's good. it's good you stand by what you said. and i know we have to applaud when anyone chooses to do that in washington, sir. thank you so much. appreciate your time, congressman cole. >> thank you, erin. >>> a man who stood by what he said, even though it flew in the face of what others like grover norquist are most afraid. grover norquist, a lot of influence on tom cole, the man behind the anti tax pledge, "outfront." >>> and nato warns syria any use of chemical weapons will bring international response. what does that mean? that means the united states. what will the president decide to do. >>> and the president heading into his second term. one report says he has his sights set on "vogue" editor. and may have surface pores where bacteria can grow and multiply. polident is specifically designed to clean dentures daily. its unique micro-clean formula kills 99.9% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with toothpaste. that's why i recommend using polident. 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"outfront" tonight, peter brooks, former deputy assistant secretary of defense under the bush administration, and colonel cedrick layton, former member of the joint staff. good to see both of you. colonel layton, let me start with you. if the united states were to get involved at this point, what would a serious u.s. military intervention in syria look like? >> it would probably, erin, start out with a no fly zone type operation, similar to what we had during operation southern watch, which -- and northern watch, which basically governed the skies over those parts of iraq after the first gulf war. that would be the first step. however, in order to secure things like chemical weapons, you would definitely have to look at using ground troops. it may not be u.s. ground troops, but the possibilities certainly exist that they might be used. >> of ground troops which i think is the key words for all viewers out there. ground troops is a very different sort of concept than what many people thought about what would happen in syria. and peter, i guess it comes down to this, about whether bashar al assad would use chemical weapons. the rebels seem to be gaining ground. the chemical weapons are horrific. would bashar al assad use them? >> it's an important question. i'm wondering, erin, whether this was a regime decision. you know, this activity surrounding chemical weapons, or they saw a local commander, perhaps, doing some things. and the international community wanted to send a message to everybody, including the assad regime, saying that one of your local commanders may be getting out of line here and may use these weapons. you better crack down on it. so it's not quite clear. the government knows more than we do but outside, it's not quite clear exactly what they were trying to get at here. obviously, stop the use of chemical weapons, but who was going to use them? what their intent was, we still don't know that outside. >> right. and certainly he i would imagine how secure they are considering that rebels have links to al qaeda or extremist groups. there's lots of risks. and sources are saying that his mood may be at this point, look, i'm going to end up being killed anyway. if i try to leave, i'm going to be killed by my own people and they sort of paint the picture of a very desperate man with nothing to lose. does that scare you when you start to think about chemical weapons? >> absolutely. chemical weapons are the worst kind of weapons. you look at lethality rates of almost 100% with the nerve agents like sayerin and vx, which they have. and when you look at somebody who is cornered, they're going to act just like a rat would act, and they would go after the people that are attacking them. and they will do whatever they can to either take many people with them or lash out at the forces that they perceive to be occupying their country. so it's a very dangerous situation, erin. >> peter, i'm curious, when you talk about the depth of syria's chemical weapons program, they do have some of the most advanced chemical warfare capabilities. mustard gas, sarin, possibly the vx nerve agent. i'm curious as to how confident we are in what they have. i mean, a lot of people may think about this and harken back to iraq and weapons of mass destruction. do we really know what syria has? >> well, if you look at syria, most people consider it to be a chemical weapon super power. it has the largest chemical weapons arsenal in the middle east, maybe in the world. i think the level of certainty is pretty high regarding this. this -- and i think there's obviously the signals that are coming out, the intelligence community must feel they really do have them. now, once again, erin, you know, intelligence -- you know, we're not i don't mean nichent. we work in an imperfect world, but i think the level of certainty is high. and if they're used, you're certainly going to know. >> colonel layton, the civil war has gone on for 21 months, 40,000 people estimated to be killed. tony blair used that number today. the united states, it appeared, it learned a lesson from iraq, afghanistan and libya saying we're going to sit this one out. it's another country's civil war. we're going to sit it out. do you think intervention would have saved tens of thousands of lives or not? >> i believe it would have, erin. and intervention is always a very tough call to make in these situations and syria is anneth know graphic and demographic situation is a very, very complex one. so we would have gotten into a very difficult situation. but a type of intervention using perhaps local troops from the region might have been something that could have worked early on. but 40,000 people is 40,000 people too many. and that is a real, real problem, not only for the people that are affected directly by it, but also for the entire middle east. >> peter, final question to you. do you think bashar al assad will live through this? >> that's interesting. if you look at saddam hussein or moammar gadhafi, i think he can get out of the country. i think what they really need to worry about is row many i can't at the end of the cold war, going before the international criminal court, being like the fellows from former yugoslavia. i think that's what really worries them. but i think he definitely can get out of the country, even if he used chemical questions. it's really an open question. i'm not sure he's going to stay to the bitter end. >> we'll see, of course, whether the criminal court is in his future or what might happen to him. thanks very much to both of you. still to come, a new hollywood film about the hunt for osama bin laden's. it's picking up awards, there is oscar buzz. it's going to be a blockbuster and major controversy. ack situations are flying about whether the filmmakers were given classified information by the white house about the raid. >>> and baby mania sweeping through britain. we'll tell you how william and kate's baby contains a centuries-old law that we are thrilled is changing. duralock power preserve. it locks in power for up to 10 years in storage. guaranteed. duracell with duralock. trusted everywhere. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. this season, discover aleve. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens. >>> the royal baby craze. talk of the most anticipated baby since -- yeah, that's probably right, suri cruise. the duchess of cambridge is expecting. the deputy prime minister says he expects a change in succession law that no longer dictates the next monarch must be male. this is a big thing. "outfront" tonight, raha lewis. appreciate your taking the time. explain this to me. what is this law change? >> essentially all it means is that it no longer makes a difference if you're a male or female, and you're in the line of succession to the throne. both male and female will be treated equally, as of october, 2011. >> okay. so it's retroactive. so if they can't get it fully passed, it's still okay. how far are we from seeing this law go through? is there any doubt? >> well, actually, it was first announced in october, 2011. it went into effect immediately. it's going to be put into legislation, so it will be a little while before we see it in writing. but it was made effective as of october, 2011. >> all right. and so prince william was seen going to visit catherine at the hospital today. given the situation they were forced to announce this much earlier than they normally would have. >> right, right. we know she is expected to be in hospital for the next few days. she is being treated, and he is by her side. and hopefully it won't be long before she's out and about again. >> thank you very much. rahha, we appreciate it. so much attention on this, kate middleton. marco rubio and paul ryan reinventing themselves with speeches. and john mcafee wanted for questioning in the death of his neighbor. he has fled from belize. but tonight we actually know where he is and why he's there. everything has to be just right. perfection is in the details. ♪ get to holiday fun faster with pillsbury cookie dough. but i'm still stubbed up. 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we're drilling for more oil at home. that could mean more jobs. today the energy information administration said american crude oil production averaged 6.5 million barrels a day in september. that is the best, people, in 15 years. and now our fifth story "outfront." >>> we go from a good story to a bad one. the fiscal cliff. dissension within the ranks. it seems not recall republican lawmakers and conservative groufs are in lockstep with john boehner. earlier i spoke with one gop house member who hasn't been on the same wave length as the speaker recently. he's in senior leadership. here's what deputy whip congressman tom cole told me about those who in the party say taxes shouldn't be on the table. >> for those who say we're putting revenue on the table, the american people did that when they lented, you know, the president and a democratic senate again. again, they have to agree to a deal or tax rates on everybody go up. i think we shouldn't -- we should do everything we can to avoid that for as many people as we possibly can. >> "outfront" tonight, grover norquist, whose anti tax pledge signed by most sitting republican lawmakers on capitol hill has been a major point of contention in this debate. grover, let me start by asking you something congressman tom cole said. he said it's the american people who spoke. this was central to the president's plan, right? raise taxes on the wealthy. i know that you don't like it, you ardently don't agree with it. but didn't the american people speak? >> well, on the very day that they elected obama by a few percentage points, the exit polls also asked, would you like to raise taxes to reduce the deficit, 63% said no. 86% of the ads run for obama were personal attacks on romney. he won a stunning mandate to not be romney. he did not run on the basis he was going to do massive new spending and the kind of tax increases, $1.6 trillion that he's now talking about. and at the same time that obama was elected president, the republican house, which had twice voted for a real budget -- remember, the president's budget he claims he has a mandate for was put up before the house and the democrats all voted against it. in the senate, the democrats didn't want to have anything to do with it. it's a little hard to argue, he had a mandate for something the rest of his party ran away from. >> well -- >> did not run ads on those issues. >> and, of course, it was a bit more complicated than that. but to your point about the exit polls, it's true, most people said that they didn't want tax increases to solve the deficit. what they said -- the majority, was they wanted both balanced. they wanted cuts and tax increases. which is what both john boehner and the president -- in very stridently different ways have put forward. >> well, one of the challenges you have is if you ask the question, would you be willing to tax the rich, some people say yes. second question, if it they tax the rich in a deal, do you think they'll also hit the middle class. yes. if they raise taxes, do you think they'll just spend it as opposed to reduce the deficit? the majority say yes. so there's a real question here about -- when you say would you like to raise taxes to reduce the deficit, people understand, as happened in '82 and '90, the democrats promised to use tax increases to reduce the deficit, but they just spend the money. >> well, i mean, you could talk about what the money is going to be used for. i mean, we have a -- we have a big problem in terms of the deficits we're running. but let me just ask you this crucial question about where we're going to go from here, grover. because i know you have this kind of soul-searching moment in front of you. where you can keep going ahead and saying no revenue, right? has to be revenue-neutral. and you might lose. or you can start to bend a little bit. are you going to have to start to bend? >> well, i'm in favor of more revenue. if you talk about the tax reform that speaker boehner has talked about in the letter that he and all the republican leadership sent to obama asking him to get serious about spending restraint, which he hasn't done yet -- >> but can i just clarify -- >> reduce rates and broad oh en the base. >> it didn't say for sure let's reduce rates. >> yes, it did. >> it opened the door to reducing rates -- john boehner has put on the table before he would be willing to raise revenue without cutting rates. >> no, in the context of tax reform, i think the letter is very clear. in the context of tax reform, which reduces rates, broadens the base, and gives you economic growth. >> okay, but you're not going to get that. can we just be honest? you know that's not going to happen right now. i mean, it's not. >> okay. this is exactly what we were told two years ago, when we had the discussion on increasing the debt ceiling. the democrats said you can't do it just with spending restraint. what happened? we did it just with spending restraint. the democrats and some in the press called that a failed negotiation. they didn't finish the sentence. we failed to raise taxes to let the government spend more money. >> but we still were running trillion-dollar deficits. >> yes, the government is spending too much money, and unfortunately, obama has committed to spending more money. he has a trillion -- there's $1 trillion of tax increases baked into the cake because of obama's 20 taxes in obamacare. 90% of those tax increases that obama put into obamacare were conveniently put in to take effect after he got re-elected to the presidency. so there a massive tidal wave of obama tax increases coming at the american people, starting in january. has nothing to do with the fisc fiscal cliff. but it has everything to do with obamacare. >> now, it is true that a lot of those taxes did take place after the election. that's something we pointed out and is a fair point. but let me just ask you about the compromise we have to go to. because like i said, again, to get this done, taxes are -- i mean, they're going to go up on somebody. i just believe that this is what is going to happen. i think tom cole thinks it's going to happen. i think tom coburn thinks it's going to happen. i wanted to play a bite from him and get your reaction. here he is. >> sure. >> i'm okay to compromise even on some of my issues, if, in fact, we'll solve the problem. but what we have is a game being played for political -- for the extreme right wing and the extreme left win rather than coming together and leading and solving the problem. >> so grover norquist. if you had to accept the tax rates would go up, all right, just they're going to go up and they're going to go up on somebody. what would you really want in return? not revenue-neutral. real tax increases. what do you want in return? >> well, i am in favor of revenue increases -- look, if you grow at 4% a year instead of 2% a year, reagan levels instead of obama levels or french levels, you get $5 trillion in additional revenue over a decade. we could pay down all of the overspending of obama's first term by having 4% growth instead of 2% growth. and we know how to do it, because we did it under reagan. >> but why would you cut spending then, spending that's supposed to encourage the economy to get better so you get more growth and get rid of your deficits? >> i think -- well, i think we should, one -- first of all, we have to pay down the debt he ran up. we're spending $1 trillion more each year, the federal government -- we, the federal government is spending $1 trillion more each year than when obama walked into office. it's that overspending we need to bring down. raising taxes doesn't solve the overspending problem. it feeds it. and, again, we have been through this lucy and the football thing in '82, in '90. we didn't take the advice of the tax increase last year, and we got spending restraint for the debt ceiling. remember, the republican house has a tremendous power over the debt ceiling. so all this stuff about how we have to bend to the emperor's will isn't true. >> all right. grover norquist, thanks very much. we appreciate yourtation the time tonight. let's bring in james carville and rihan salaam. good to see you. grover norquist is not bending. not yet. >> well, president obama, or as mr. norquist refers to him, obama -- president obama has done something mr. norquist has never done in his life and that's get people to vote for him. so i would also remind mr. norquist who conveniently forgets that president clinton raised taxes on the wealthy and created 22 million jobs. president bush cut taxes on the wealthy and created 1 million jobs. so his economic expertise is a little behind here. but the truth of the matter is, everybody voted in this election, the president said he would raise taxes on people earning over $250,000. that's what he's going to do. that's what's going to happen. he has the authority of an election behind him. running for office is a difficult thing to do, and the people that win the elections have a lot more moral authority than in a democracy than people who talk about elections. >> ryan, that does seem to be the point. republicans may not like it, but that wasn't what this election said american people want. the majority of them. >> i think it's certainly true you have a large number of americans, 60%, according to a "washington post" abc news poll who favor raising taxes on folks earning more than $250,000 a year. but there are a couple other things to keep in mind, as well. president obama often talks about returning to clinton era tax rates. he wants to raise much more revenue from high earners than the clinton era tax code would have raised. and president clinton also dramatically lowered capital gains taxes, and that generally benefited high-earners. so a lot of folks believe that's something that balanced out against the increases on ordinary income. so, you know, that's something that arguably contributed to that surge in technology stocks and much else that created surpluses in the latter half of the clinton presidency. it's a more complicated picture. definitely there are folks who want tax increases but let's not gloss over president obama is talking about way higher taxes than we saw during the clinton era on the high earners. >> that's true. all right. want to talk about a party going on tonight. james, pretty good. there is a party going on, jack kemp foundation is having a party and marco rubio is speaking. paul ryan is speaking. they both want to have complete makeovers. you know -- marco rubio doesn't want to be the hispanic guy who talks about immigration. and paul ryan doesn't want to be the grinch that stole medicare. paul ryan is standing there right now. what do you think? are these guys going to succeed? are they the future? >> if i was paul ryan, i would want to be something else. if i was selected vice president and i got slaughtered in my -- and my candidate got slaughtered in my home state, i would be looking to have a makeover also. i don't blame him. i think that senator rubio could run on anything he wants. i agree. if he wants to run on economic expertise, perceived economic expertise, it's a good thing for him to do it. he should do that. it's apparently what he believed before. if he wants to change his mind, that's his business too. i don't fault any of these guys. and 2016, the political commentators, the more politics, the better it is. >> looks like we're starting tonight, james ryan. >> yeah, all for it. he's great. >> this is actually a really interesting development, in my view. i think if you're looking at paul ryan, one thing you hear from folks in the ryan camp, is that he was very eager to talk about poverty and a new war on poverty during the romney campaign. but he didn't have much of an opportunity because the romney folks were so risk-averse. and that's something he's going to talk about tonight. whereas marco rubio is someone who comes from a scrappy, lower middle class background who wants to talk about upward mobility for all americans. that's a theme he's going to build out over the next two years and it's a theme exactly what republicans need to talk about. the problem is, these guys are the music, it's not clear they have the lyrics. it's not clear they have the policy substance yet that's really going to make this message resonate. they are young and they have a lot of really solid ideas. and they have the right broad message. but the question is, are they going to have the right policies, as well. >> james, do you think these are the two -- these two are the future right now? i know it's early and it's hard to tell. but i mean, a lot of the republican parties really invested in these two young men. >> well, you know, from 1948 through now -- actually, 1944 through now, it's always been the senior person. the obvious person that got the nomination. they don't have one this time in the republican party so it's going to be interesting to see it air out here. but there's a lot more people. my own governor, governor jin l jindal, has been very vocal. he seems to be itching to pull the trigger in 2016, too. there are a lot of other people. clearly, the people who are going to watch -- i just don't think that ryan had a particularly good campaign. he didn't do anything for his ticket in wisconsin, he didn't do very much across the board. he didn't show a lot. but maybe he was constrained by the romney people. i'll buy that. and let him go out and make his case. >> thanks very much to both of you. it's interesting. >> well, thank you. >> because minorities rising in the republican party, a party that can't seem to get its act together when it comes to minorities. this is going to be a fun game to watch. >>> "outfront" next, a new hollywood film about the hunt for osama bin laden hasn't opened yet but is attracting serious controversy because we have new details on how much controversial information the film makers had access to about what happened on that raid. >>> and president obama has prepared to make some big changes to his administration and one report says he could turn to the editor of "vogue" for one of the top posts in the country. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. anyone have occasional constipation, diarrhea, gas, bloating? 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[ cellphone vibrating ] [ female announcer ] with cisco at the center, working together has never worked so well. >>> welcome back. let's check in with anderson cooper with a look at what's ahead on "anderson 360." >> a live picture on capitol hill. and here's what's happening now. nothing. at least on the most important issue facing the country, the fiscal cliff. there has been zero progress on a deal, no behind the scenes negotiating. no staff level talks, even. nothing. former senate majority leader george mitchell has ideas on how to get a deal. we'll also speak to a political panel, eric erickson and rich gaylen and what it will take to stop the suffering in syria. we show heart breaking pictures of these like a family fleeing for 21 months now. we know it's hard to watch. we think it's worth making sure the world knows what is happening inside the country. senator john mccain has also been keeping a close eye on syria. you'll hear from him tonight. >>> and the image of a man in the final seconds of his life about to be struck by a subway train. we'll ask dr. drew pinsky about why he was being photographed instead of rescued. there was a lot of people standing around on the platform. should they have gotten involved. a lot more at the top of the hour. >> we'll see you in a few minutes. >>> now our fifth story "outfront." did hollywood get access to classified information? "zero dark 30" is about the situation in which osama bin laden was killed. it hasn't opened yet but has oscar buzz and is sloweded in controversy. republicans say the obama administration gave directors unprecedented and possibly inappropriate access to classified information. the white house denies this. here's barbara starr. >> you don't think she's a little young for the hard stuff? >> washington says she's a killer. >> reporter: it's a hollywood spy thriller with as much as oscar buzz as it has controversy. "zero dark 30," the story hunt for osama bin laden from the oscar winning powerhouse team of katherine bigelow and mark bowe recreates how it all happened, from the female cia analyst who finally figured out where he was hiding to the navy s.e.a.l.s who killed him. >> there are two narratives about the location of osama bin laden. >> reporter: the controversy? the obama administration has faced accusations it gave undeserved access to the film makers. in real life, everyone involved in the hunt for bin laden remains sworn to secrecy. but the film makers say they got firsthand accounts. they just won't say exactly how that happened. >> i think as a reporter you would understand we take protecting our sources and sort of the exact methodology of our sourcing pretty seriously, just in the same way if i asked you how exactly did you source that story. >> reporter: katherine, when you hear mark talk this way, are you a journalist or a film maker? >> that's a good question. well, i certainly try to be as faithful to the research as possible and make a good movie and make a film that was timely. >> reporter: but how much access they got is the issue. >> obviously things went wrong here. >> reporter: congressman peter king, chairman of the house homeland security committee, first called for an investigation at both the cia and the pentagon. >> there was an event where operatives were involved and they did not know until they got there that the hollywood people were going to be present. so which means their identity would have been shown. >> reporter: king questions whether the military was pressured to cooperate on the film. >> what access they were told to give, some resisted, some acquiesced. >> reporter: cia and pentagon officials say no secrets were given away. >> my understanding is the hollywood people got access to cia operatives, cia locations, that they had access to navy s.e.a.l.s which they should not have had. and i can't really go beyond that other than to say that now, this investigation has gone on and it's been expanded. >> reporter: bowe says he and bigelow were very aware of national security concerns. >> we're acutely aware that there are sensitivities around this material, and i think we approached this with a lot of respect for those sensitivities. >> pretty -- i really want to see this movie. it does raise a legitimate concern about how much cooperation there is between the cia, between hollywood, between the military. >> it does. there's a long-standing relationship with hollywood and the cia and the u.s. military but you know, since 9/11, this has been a very sexy thing, the navy s.e.a.l.s, the commandoes, cia agents. everybody likes to watch this kind of movie and the real question here, is did it get ou
CNN
Dec 9, 2012 10:00pm PST
have to see what they can craft this week and see if they can get passed the fiscal cliff. the bargain is really important, too. in some ways, don, what is at stake is whether they can craft a deal is that win/win. each side can walk away with something in the short term saying this is encouraging. this is a moment, don, when a lot of things are hanging in the balance. having them sit down today is encouraging because it means they don't want to take us all the way to the 11th hour and 59th minute. they want to get a break through now and that's encouraging. >> and are their hints they are moving closer together in a deal. we'll talk about that next. 30 mpg highway or better. yeah? hey. hey. where's your suit? oh, it's casual friday. oh. [ male announcer ] chevy's giving more. this holiday season, get a 2013 malibu ls for around $199 per month, or get $1,000 holiday bonus cash. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars by december 2
CNN
Dec 9, 2012 7:00pm PST
fiscal cliff deal? i asked the senior cnn analyst, david gergen. >> this week is a crucial week to see if they can get a break through. in fact, they are willing to sit down and they did it in private, and instead of the political theater we have seen in the last few weeks i think that's encouraging. there's even a bigger long-term issue, and that is whether the kind of agreement they can reach now will lead to a grand bargain, or whether it's going to amount to a mouse instead of an elephant. we will have to see what they can craft this week and see if they can get passed the fiscal cliff. the bargain is really important, too. in some ways, don, what is at stake is whether they can craft a deal is that win/win. each side can walk away with something in the short term saying this is encouraging. this is a moment, don, when a lot of things are hanging in the balance. having them sit down today is encouraging because it means they don't want to take us all the way to the 11th hour and 59th minute. they want to get a break through now and that's encouraging. >> and are their hints the
MSNBC
Dec 9, 2012 12:00pm PST
, with just over three weeks left to reach a deal on the fiscal cliff. lawmakers from both sides hit the sunday shows to late out the latest battle lines in the fight. on "meet the press," the number three house republican reiterated that any new revenues should come from closing loopholes, not raising tax rates. >> the president wants the rates to go up, that doesn't solve the problem. if the president is asking for higher rates, he's asking for more revenue. most economists agree the best way to get that is through closing special loopholes. >> on the same program, number two senate democrat, dick durbin declared that if the country does go over the fiscal cliff, there's only one party to blame -- republicans. >> i can tell you i don't want to do it, the president doesn't want to do it but we need to solve the problem, we cannot allow the reckless position to drive this economy into another recession. a recession which the republicans will own. >> joining me from the white house, nbc's mike viquiera. mike, it sounds like the same old-same old. any new movement you're hearing about?
CNBC
Dec 5, 2012 7:00pm EST
folks, we switch gears back. we still have no fiscal cliff deal, but there's talk between president obama and tim geithner. congress has adjourned for a long weekend. that's kind of insane. eamon javers joins us. >> reporter: the president began his day this morning before an audience of business leaders and he continued his campaign of persuasion amongst some of the nation's top ceos. >> i am passionately rooting for your success. because if the companies in this room are doing well, then small businesses and medium sized businesses up and down the chain are doing well. if companies in this room are doing well, then folks get jobs, consumers get confidence, and we're going to be able to compete around the world. >> and then larry, later in the afternoon, our steve leishman sat down with treasury secretary tim geithner. geithner in that interview late in the afternoon made it clear that this is brinksmanship of the highest order. >> i want to understand the administration's position when it comes to raising taxes on the wealthy. those making more than $250,000. if republicans do not
FOX News
Dec 7, 2012 8:00am PST
, and that's just the beginning. this fiscal cliff deal if they reach one it's just the beginning of deal making because it's not going to solve the problem. there is going to be more talks going into 2013 on tax reform and dealing with the deficit further. >> reporter: bob cusack thank you so much for joining us. we appreciate it. >> thank you. jon: let's talk a little bit more about the pickle that house speaker john boehner is in. he's struggling to avoid going over the fiscal cliff. he's facing growing criticism from members of his own party, the speaker removing four conservative congressman from key committees, the move seen by some as a way to close ranks over a potential fiscal cliff deal with the white house. outside conservative groups are voicing their displeasure saying speaker john boehner could even lose his speakership. carl cameron joins us live in washington. so he has a lot of problems with conservatives right now, car. >> reporter: sure it's not just off the hill. some of the members on the hill. fiscal conservatives are once again whispering, in some cases outward
FOX Business
Dec 5, 2012 8:00pm EST
fiscal cliff deal, we are pushing for it. charles: at some point they do need to address this. this hurts every single american in the wrong way. thanks so much. you know about a bad business? you might think twice about giving it a bad review. next, a woman's review on yelp strikes online criticism. charles: let me be brief, she posted on yelp. now, she need legal help her in being sued for $750,000 for posting this, do not put yourself through this nightmare of the contractor. the customer listed her complaints and said the jewelry was missing from her house. does this warrant a lawsuit? tamra holder says yes. rebekah arose what lynn says the contractor doesn't have a case. >> you know what, there is no lawsuit for defamation. he is suing her and the responses -- it is true. it's not defamation when it's true. charles: that sounds pretty cut and dry. >> if you ask about her answer, i respectfully disagree. she has accused him of committing a crime. stealing jewelry from her home. where does the investigation? where are the criminal charges? charles: she said the jewelry was missing and
FOX Business
Dec 5, 2012 11:00pm EST
announcing job llaoffs. whether we see this as part of the fiscal cliff deal, we are pushing for it. charles: at some point they do need to address this. this hurtsvery single american inhe wrong way. thanks so much. you know about a bad business? you might think twice about giving it a bad review. next, a woman's review on yelp strikes online criticism. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, urses, hospitals, pharmacists and other health professionals who helped us achieve the highest avege star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we
CNN
Dec 4, 2012 11:00pm PST
they still can't see the light when it comes to the fiscal cliff. 28 days to go. what will it take to get a deal? >>> plus, the stern warning for syria from nato. the use of chemical weapons will bring an immediate reaction from the international community. we ask our panel if the united states will go to war. >>> and a new hollywood movie about the hunt for osama bin laden sparks oscar buzz and outrage. questions over just how much confidential information the film makers had access to. an "outfront" investigation. let's go "outfront." ♪ >>> good evening, everyone, i'm erin burnett. "outfront" tonight, let there be light. finally, some bulbs turned on in washington this evening. well, on the congressional christmas tree, that is. pretty beautiful. lights, love, camaraderie, song. but while our lawmakers took some time to celebrate together, they still weren't showing any spark when it came to negotiating a deal to avoid the fiscal cliff, which is the christmas present the country needs. today we heard president obama's response to the proposal that house speaker john boehner put on the table yesterday.
CNBC
Dec 10, 2012 3:00pm EST
washington continues to look for some kind of a deal on the fiscal cliff. >> some kind being the operative words. hello everyone, again. maria is going to be back tomorrow but in the meantime you're stuck with me. let's see what the markets are up to today. the dow holding marginally above water. as for the nasdaq and the s&p, let's get a check on those two as well. they've been kind of positive today, but not superbly so. at least it is a positive start to the trading week. >> now, forget about the number of days -- shopping days until christmas. we're talking about 13 and a half trading days after today how to position your money ahead of what might or might not happen with the fiscal cliff deal. are we ready to go? let's find out how you should be investing. everybody's looking at me like i should not be saying something right now. okay. everybody's there. mandy? >> okay. joining us now we have a cast of thousands. dan mcmahon from raymond james. nathan backrat. and our very own rick santelli. thank you for joining us today. nathan, let's start with you. so 13 and a half tradi
CNN
Dec 4, 2012 8:00pm PST
the fiscal cliff deal the president presented. boehner offered a proposal yesterday. i asked cole if he's frustrated with john boehner. >> no, not in the least. look, i support the speaker. and we're actually not very far apart on anything. and, you know, at the end of the day, he's going to negotiate a deal. it will probably be a challenging vote for a lot of people. i always support him. i would expect i will again and try and persuade others. just to be clear, i'm not for raising taxes on anybody. i think it's a mistake. i think all republicans believe that. however, you have to recognize the reality that at the end of the month, tax rates for every american that pays income tax are going to go up. so there is an area that we do agree with the president on. that is 98% of the american people, getting about 80% of this tax cut shouldn't have their taxes raised. so my suggestion -- it was delivered, by the way, in private and leaked and put in public. but that's fine. i mean, it's certainly what i said. my suggestion was let's take the one area that we agree and take it off the t
CNBC
Dec 7, 2012 1:00pm EST
limit increase. >> john harwood, thank you. >>> let's see where we do stand on the fiscal cliff deal. let's look at our "rise above" meter. time to stop talking and start actle. we were at a half-way point, now back to a quarter on the "rise above" meter, closing to no deal than deal. >>> lawmakers trying to solve the fiscal cliff issue. police trying to solve a burglary at the home of california congressman darrel issa. according to reports, more than 50 pieces of jewelry worth about $100,000 were stolen from the congressman's home on november 29th. watches, earrings, rings, bracelets involved and what issa spokesperson calls irreplaceable family air looms. >>> to the jobs report today. super storm sandy slammed the east coast but it looks like it didn't have all that much impact on the labor market. november jobs numbers coming in much stronger than expected. steve leisman who's had a very busy week here to talk about the numbers and put it in context for us. >> hi, sue. no substantive sandy in the jobs numbers. the lack of sandy effect has us scratching our heads, what they said. i just
CNBC
Dec 4, 2012 2:00pm EST
fiscal cliff, with just 27 days to go and less for the official congressional session. president obama and john boehner making comments on the issue a short time ago and according to our deal meter, there it is, still only a quarter of the way there. we have got all sides of this story covered. john harwood live at the white house. eamon javers on capitol hill and the president's comments. >> the president gave an interview to our colleagues at bloomberg and said a couple of things. first of all, his priorities now trying to break republicans in their resistance to raising the top rate by some amount, a stance republicans have been consistent on. more revenue, question, not higher rates, he is insisting on that as the price of negotiating with him. and he said the reason for that is if you take all of what can be raised in revenue from deductions that is politically realistic, not trying to take away the mortgage deduction in the face of tremendous resistance from consumers and the housing industry, you can only raise about 300 to $400 billion, but i think that is a promising indication from the president because then if you take, brian, $400 billion in deductions eliminated, yo
MSNBC
Dec 4, 2012 6:00am PST
fiscal cliff. but we're no closer to a deal. joining me now is senator isa isaacson. good morning, senator isaacson. i assume you stand by what you said just two weeks ago. so let me ask you this. the initial offer by speaker boehner, is it fair to say -- is it fair that the white house is calling it an unserious offer since it doesn't do anything on tax rates? >> no, i dent think so at all. i think it's more reflective of a simpson-bowles. it's a first step. i made a living selling houses for 33 years. i don't get people together until they finally sit down 0 at the table and negotiate. it's still too much posturing, too much the president wants it his way, somebody else wants it that way. i believe tom coburn was right. it's time to sit down in a room, see if we can work this out. going off the cliff would be a stupid idea. >> i want you -- david brooks this morning writes this in "the new york times." republicans have to realize that they are going to cave on tax rates. the only question is what they get in return. do you agree? >> not necessarily at all, because i believe if y
CBS
Dec 7, 2012 5:00am EST
stalling talks that could send us off a fiscal cliff. in a surprise visit to a falls church family, the president emphasized he will refuse to sign a bill that does not raise taxes on the wealthy but republicans say that's a deal breaker. his stance they say proves the president is not interested in striking a balanced deal, simp in spending more and raising the debt ceiling. but the president says his main concern is certainly the middle- class families of america. he does not want to burden them with the potential $2,000 a year hike in taxes. meanwhile, republican senator jim demint of south carolina among all -- in the midst of all the fiscal cliff talks and the pressure that's mounting here on capitol hill, well, the senator resigned the senate yesterday. he said he's going to head a conservative think tank claiming he can do more there than he can do here in congress. we'll have another report in a half-hour. back to you. >> delia goncalves with that june date from capitol hill. >>> local lawmakers are talking to 9news about the fiscal cliff. maryland senator democrat ben cardin says with the government already cutting a trillion dollars, the republicans need to give on revenue tax hikes for higher income earners
MSNBC
Dec 2, 2012 1:00pm PST
number of top lawmakers sound very pessimistic about avoiding the fiscal cliff. what's your take? do you think that your colleagues are going to be able to hammer out a deal in the 11th hour? >> oh, i think so. i know that all of the talk that's going on now, some of which is posturing, but the -- >> most of which is posturing. >> -- but the president did put something on the table. he can't negotiate with himself, so where is the proposal from the republican party? what is boehner going to put on the table? what does he want to do? we don't know. we are waiting for him to do some kind of counter, to talk about what their preferences are. we haven't heard anything. >> might going over the cliff give democrats more leverage to get republicans to let the tax rates go up on the wealthy, since all the tax cuts expire at the end of the year? >> well, i mean, some people talk about that, but don't forget that this whole negotiation that took place over raising the debt ceiling caused sequestration, and that would mean tremendous cuts in social programs and defense. in the president's proposal, he's talking about delaying $55 billion in cuts to defense, and about $
MSNBC
Dec 7, 2012 11:00am PST
stronger. >>> time for the political postscript. john boehner said a fiscal cliff deal is no closer now than it was a week ago. nancy pelosi called for more urgency. >> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. >> this is a moment of truth. the clock is ticking. christmas is coming. the goose is getting fat, but in many homes across america it's a very, very lean time. >> the goose is getting fat. this was the latest salvo in a week of ups and downs in negotiations as both sides engaged in a tug-of-war over tax rates and spending cuts. >> i was just flabbergasted and said you can't be serious? right now i would say we're nowhere. >> there shouldn't be anything offered in public. the president, speaker boehner in a room and nobody come out until it's solved. >> we have to see the rates on the top 2% go up, and we're not going to get a deal with it. >> the problem with the republican proposal is it does raise taxes. >> if they do not make this deal on tax ra
MSNBC
Dec 6, 2012 7:00am PST
work next week hopefully to get a fiscal cliff deal. >> maybe the movie "lincoln" will inspire senators to work together. a special screening is scheduled for december 19th. senate aides said they will not screen the movie on the senate floor but somewhere else. >> michelle obama has said over and over again she never wants to run for office but a new poll shows her leading senator mark kirk in a very hypothetical matchup. the illinois republican had a stroke last year. >> tonight the entire obama family will gather around the christmas tree. it just happens to be the national christmas tree. it will take place at 5:00 eastern time. >> if you read only one thing this morning, maybe you're already thinking about your new year's resolution to get in better shape. how could you resist this headline? my must read is courtesy of prevention magazine. it's on facebook/jansingco. yep, they're real. we've got more rollbacks on toys all december. wait, was that real? [ male announcer ] this christmas, get the hottest brands and rollbacks on the season's hottest toys, like the beyblade de
MSNBC
Dec 6, 2012 10:00am EST
tax increase, that's a big deal but it doesn't save us from the fiscal cliff. as susan was suggesting, there's a long time to go between now and the 31st. they have to wait until that long because neither side wants to appear to be giving in too early. that means they've given away more than they had to. you've got the president out there stirring the pot, trying to bring public opinion more to his side. the republicans are struggling to find some message to keep up with it. the danger is this whole thing boils over in animosity before the 31st and they go off the cliff because they have antagonized each other so much. >> and speaking of antagonistic situations, there's been a lot made of the dysfunction within the republican party but there's an article on the front page of the "new york times" that suggests that speaker boehner is actually in a stronger position in his caucus than when he was elected two years ago. how is he doing, do you think? >> well, i think he's in a stronger position because republicans feel like they're in a weaker position. i think a lot of republicans who m
CNBC
Dec 6, 2012 3:00pm EST
office. >>> we are now just 25 days and counting away from the fiscal cliff, but are we any closer to a deal than we were yesterday? eamon javers is in washington making a career out of this story. he's got the latest on the negotiations. >> hi, bill. the battle for public perception here in the fiscal cliff fight continues today. the president visiting a middle class family in northern virginia who he said would be hurt by tax increases if those come to pass at the end of this year. the president saying that republicans simply need to come to terms and a deal with him. take a listen to what the president had to say out in the living room of this family in northern virginia. >> i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. but i do remain optimistic that we can get something done that is good for families like this one and that is good for the american economy. >> so, bill, the president using the power of the bully pulpit there and image making. it's the power the president has to shift the debate here. republicans don't seem to have
CNBC
Dec 3, 2012 4:00pm EST
in the fourth quarter. presumably to get ahead of higher dividend taxes if the fiscal cliff deal is not out. right now, dividend taxes are at 15%. if we go over the fiscal cliff, they could go up to 44%. today several more companies jumped into the pool, including satellite tv provider dish. what's interesting with many like dish, for example, even if you don't own the stock, you have until december 14th to buy it and still git that special dividend paid out two weeks later. should you be jumping in? should you buy a stock just to capture that dividend? cnbc contributor ron says it's tough to pull off. ron s this a smart strategy for investors to pursue? what's your take? >> i expect large i traders can do these things more efficiently than individuals. back in the 1980s japanese investors got special treatment for dividend payments. it was well better than what they got for capital gains. they used to engage in strategy called dividend rolling or dividend capture strategies where they would buy the stock one day before it went ex dividend, captured it, sold the stock later. i would
CBS
Dec 5, 2012 5:00am PST
suspect is. >> we're one day closer to the "fiscal cliff" and both sides are still far apart on a deal. >> i call it a pitchfork battle. it's very contentious. >> and a dogfight over proposed dog park in oakland. >> i can't believe that people would prioritize the needs of their pets over the needs of oakland's children and families. >> from across the bay to around the world, the stories that matter on "eyewitness news this morning." >> he just knows how to play. >>> good morning, it's wednesday, december 5. i'm michelle griego. >> hi, everyone. i'm frank mallicoat. nearly 5:30 now on your wednesday. >>> drivers have got a wet commute this morning. let's get a quick look at the weather with lawrence. >> yeah, guys. getting stormy outside right now. in fact, a good batch of moisture just about to push onshore. our high-def doppler radar is showing you that rainfall. it will be picking up. some places already seeing moderate to heavy rainfall. but look at the yellow and orange. that batch is just about to make its way in along the peninsula. we'll talk about that plus the prospects for dry we
MSNBC
Dec 9, 2012 11:00pm PST
running out to avoid the fiscal cliff. is a deal closer than most think? >>> this morning on "meet the press," time is running out to avoid the fiscal cliff. is a deal closer than most think? >>> in public, the lines are drawn. but behind the scenes, the give and take over taxes and entitlement cuts point toward a deal by christmas. what is standing in the way? this morning, the debate is right here. the house speaker's top lieutenant, congressman kevin mccarthy, and top white house ally, the assistant senate majority leader, dick durbin. mccarthy and durbin square off. >>> then, what is the political endgame for both republicans and democrats? who wins and who loses as this fight drags on? >>> plus, the future of the republican party is a hot topic as both sides start plotting the 2016 campaign. our political roundtable features two former capitol hill insiders, newt gingrich and lawrence o'donnell. plus, three journalists on the story. >>> the looming fiscal cliff 22 days away. is it stalemate or compromise? we'll go inside the negotiations with two top leaders in just a moment, but
MSNBC
Dec 3, 2012 11:00pm PST
potential fiscal cliff deals speaker boehner can work out with the president. he can't work anything out without this guy's approval. yesterday grover norquist warned of a wave of tea party anger, a tea party two that would dwarf anything we've seen before. let's take a look at the threat from grover. >> understand how ugly the next four years are going to get. everything in obama care that obama didn't want you to focus on or think about, the 90% of his trillion dollar tax increase, was pushed over until after he got himself safely re-elected. all those regulations you're now hearing about, okay, that are being -- those all hit after the election. we got four bad years of regulation taxes, he wants to add higher taxes to that. tea party two is going to dwarf tea party one if obama pushes us off the cliff. >> there's a dr. strangelove. how many republicans will be willing to stand up to that threat? david corn is here to talk about it, the washington bureau chief for mother jones and the author of "47 percent." he's a member of the gridiron society. and john feehery is a republican s
CBS
Dec 6, 2012 5:00am EST
possibility of cutting $500 billion from its budget over the next decade in case no fiscal cliff deal is scheduled. the military had been told for months not to get ready for these budget cuts. in the meantime, "the washington post" released a survey earlier this week. it found 53% of people polled would blame republicans for going over the cliff. 27% would blame president obama. not a lot of sunshine that we're seeing this these talks. >> i was telling mike, i was listening to an interview with trent lott, former leader back in the days in the clinton administration. he said he and daschle would good friends and that they worked on it but he was also criticized by his fellow republicans for being a compromiser. when did compromise get to be a dirty word. >> we've seen signs of compromise on the side of john boehner and seen republicans go after him for doing that. >> exactly. it's a price of being a leader. what do you have for us in the next half-hour? >> it's the season we're dressing up our homes with a lot of holiday decor. it looks fantastic but can also be a little dangerous. we'l
MSNBC
Dec 5, 2012 6:00am PST
term spending cuts should be part of any fiscal cliff deal. the big news this morning is we're not going over the cliff. they have a bad hand. they're going to end up passing this middle class tax thing if that's the only thing they do. and live to fight another day. you can see the momentum building. not official but you see it. the difficulty for boehner still is passing the extension may be best of the options it is an option that a chunk of his party has said he would reject. the fiscal conservatives criticizing boehner's budget pr proposal. then you had senate republicans watching their backs, rejecting a u.n. treaty that bans discrimination against those with disabilities around the world. senator jim demint said speaker boehner's $800 billion tax hike will destroy american jobs. yes, he said speaker boehner. one party proposes increase in an effort to counter them. the other party's leadership proposes, wait for it, $800 billion in tax increases and then former alaska governor sarah palin blasting boehner's decision to remove some conservatives from plum house committee assi
FOX Business
Dec 5, 2012 9:20am EST
: i've got 30 seconds. >> yes. stuart: are we going to get a fiscal cliff avoid dan deal? >> we may get some form of a deal. we are not going to get a real deal. i think the economy is going to be hurt and i think both sides, especially the president deserve blame. stuart: who will get the blame? >> the republicans clearly are going to get the blame and hurting themselves. stuart: but we may go into a much slower economy and hurts the president. >> bad news for the president and even worse news for the the american people. stuart: i agree with that. all right, doug, not bad the at all. >> still a democrat. stuart: is that a tag line to every interview? >> it may well be. doug, thanks very much indeed. >> the so the president has made it very, very clear, drawn a line, no fiscal cliff deal without higher tax rates for the highest earningers, tax rates have got to go up. question, what will speaker boehner have to say about that? his reaction will be new at ten this morning. mark stein is going to be here as well and he'll join us to explore that and more. we have an oil and mining de
CNN
Dec 7, 2012 4:00am PST
are working on a deal on the fiscal cliff. but there's one man who says it's all about the baby boomers. a former white house senior adviser says without that impact, you're never going to get anywhere. >>> plus senator colbert, a new push to get him into washington politics. talk about that ahead. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose.
PBS
Dec 5, 2012 5:30pm PST
day of ups and downs and investors watched economic reports and weighed chances for a fiscal cliff deal in washington. the dow jones industrial average gained more than 82 points to close at 13,034. but the nasdaq fell nearly 23 points to close at 2,973. the day's big loser was apple, down more than 6% over concerns that smart phone sales are lagging. former texas congressman jack brooks has died. he served 42 years in the house, and was in the dallas motorcade on november 22nd, 1963 when president kennedy was assassinated. hours later, brooks was on hand as vice president and fellow texan lyndon johnson was sworn in to the presidency. later, brooks helped author the 1964 civil rights act, and he drafted the articles of impeachment against president nixon. jack brooks was 89 years old. those are some of the day's major stories. now, back to gwen. >> ifill: lawmakers stepped up the rhetoric, but grew no closer today to agreement on how to avoid slipping over the so- called fiscal cliff. but each side demanded the other compromise. "newshour" congressional correspondent kwame holman begins o
MSNBC
Dec 6, 2012 12:00pm EST
to continue, they have to be part of the fiscal cliff deal because it's unlikely that house republicans would allow these to appear freestanding. using these as leverage in terms of negotiation. house republicans could sleep fine knowing the payroll tax cut is not extended and the ui is not extended. they think that's too much spending. >> which is crazy because they're arguing for the top earners really putting their stake in the ground on top earners and when it comes to working class and poor tax cuts are a bad thing. >> the payroll tax cut there's a division between democrats about how much you want to raid the social security trust fund. but unemployment insurance, i think absolutely has to be part of the deal from the white house perspective aside from it fitting the democrat ex-ideology, it's also what president obama believes is a stimulus to the economy. >> yeah. >> that helps people have disposable income to go to restaurants, buy gas, buy food, to pay things for their children. and i would be very surprised if it ended up as part of the larger deal because it's no
MSNBC
Dec 3, 2012 7:00pm PST
on a fiscal cliff deal. >> a new week brings new opportunities for gridlock. >> right now it's a stalemate. >> republicans used words like stalemate. >> is this a true stalemate? >> i would say we're nowhere. >> going nowhere. >> the path to nowhere. >> you're doing it wrong. >> just 28 days left. >> i think we're going over the cliff. >> it's not a good sign. >> republicans were flabbergasted. >> flabbergasted. >> you can't be serious. >> going know where just 28 days left. >> i feel almost sorry for john boehner. >> does john boehner have control of his caucus? >> will john boehner lead his sdmaukz. >> is he leading his caucus or will his caucus lead him? >> two party two is going to dwarf tea party one. >> this is embarrassing. >> he's the problem. >> he's willing to act like the election never happened. >> we're not getting anywhere. >> we're going over the cliff. >> it's the gop who has been short on specifics. >> i would say we're nowhere, period. we're nowhere. >> the same exact policies. >> this shows that republicans are really chicken hawks. >> you can't be serious. >>
CNBC
Dec 6, 2012 1:00pm EST
fiscal cliff deal? steve leisman here now with our exclusive results of the cnbc all-america economic survey. what do americans want, steve? >> what you would expect. free stuff, tyler. actually, no, we'll get into that in a second. first we want to show you results of our december cnbc all-america survey. what we asked about the fiscal cliff. the first thing we wanted to establish is do people know about this thing? we looked at some of the other times we've asked this. what we'll see right here is other situations where they knew it, where other main stories that were out there. for example, the trayvon martin shooting. 91% of americans knew about that. occupy wall street, 80%. going forward what you have here, facebook, 72%. all the way down to 70%. you can look at this a couple ways. here's the greek financial crisis. 30% of the public not really paying attention to. inside that 70% number, 36% have know a lot about it. we'll compare with other stuff we asked last time about when they had a debt -- big deficit debate. we find first, 17% back in november thought congress and the ad
MSNBC
Dec 3, 2012 7:00am PST
seem to be digging in on a fiscal cliff deal and so right now it's a stalemate. >> for right now i would say we're nowhere. period. we're nowhere. >> what are the chance we'll go over the live? >> there's clearly chance. >> tuning we'll get a deal by the end. year. >> do i. >> i think we'll go over the cliff. >> republicans are angry the president presented them with an offer they don't think is serious. but the president's new negotiating strategy is clear, don't give in. don't start with concessions. even as some republicans say they don't think they need to put out any kind of formal proposal. let me bring in "the washington post" columnist and our politics reporter. good morning. so the headline in the "new york times" is pushing the gop to negotiate, obama ends giving in. and peter baker writes that president obama has emerged kind of a different style of negotiator in the past week or two, sticking to the liberal line, frustrating the republicans clearly. this is a strategy his base might like but i'm wondering will it make him a better deal maker? >> it just may mean that re
CNBC
Dec 5, 2012 5:00pm EST
unlocked. nyse euronext. unlocking the world's potential. >>> no fiscal cliff deal without raising taxes on the rich. that's what treasury secretary timothy geithner told steve lease son. steve joins us from the white house with more on this. >> melissa, thanks very much. interesting comments from the treasury secretary who laid out the negotiating position of the administration in ways that it hadn't before, at least not explicitly as they had. what i want to play here is the sound from the interview and i'm going to put my question in there too just so you understand exactly what the treasury secretary was responding to when it comes to the position of the administration on walking away or letting the country go over the fiscal cliff without tax hikes for the wealthy. here it is. >> i want to understand the administration's position when it comes to raising taxes on the wealthy and those making more than $250,000. if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve t
MSNBC
Dec 2, 2012 12:00pm PST
out of the fiscal cliff deal this morning. this is what house speaker john boehner said about the state of the negotiations. take a listen. >> i think they're -- they won the election, they must have forgotten the republicans continue to hold the majority in the house. but you know, the president's idea of a negotiation is -- roll over and do what i ask. we need to find common ground and we need to find it quickly. >> governor, are they going to be able to find that common ground quickly? >> yeah, i think they are. you know i have to laugh. in the first term, the president was criticized by his base for giving in too quickly or too easily. this is a negotiation. and in the negotiation, you don't put on the table initially where you want to wind up. you put out what's your bargaining position and both sides have to understand that. but what i do think is important, is both sides, and not just the president, but our democrats in the congress as well. have to understand both sides have to understand what the other side needs to do. we're asking the republicans to raise rates. it's be
MSNBC
Dec 4, 2012 9:00am PST
believes in the existence of unicorns somewhere and hopefully maybe in this fiscal cliff deal. grover, the first question i have for you is this, your pledge, the pledge that many republicans have signed on to, opposes any and all efforts to increase marginal income tax rates and opposes any net reduction or elimination of deductions and credits unless matched for dollar by further reducing tax rates. closing loopholes and ending deductions would seem to increase the tax burden that americans are paying to the federal government. given that, do you support the proposal put forward by john boehner? >> well, because the proposal is significantly amorphous, you could get those revenues through economic growth and we don't really have things nailed down, i don't want to talk about a hypothetical, but there is a danger that when you put revenues on the table, even revenues through economic growth, if you grew at 4% a year, reagan levels, instead of 2%, french levels or obama levels, you would net $5 trillion in additional revenue to the government, you could pay down all of obama's additio
KRON
Dec 9, 2012 11:00pm PST
president and speaker of the house john boehner meet in person to play the fiscal cliff version of let's make a deal. that is all ahead when kron 4 news continues. [ female announcer ] for those who love sweets, your season is here. let's just call it the baking time of year. you need special ingredients. you need the staples. that's a given. you need safeway sugar for just $1.97. and that magic thing that makes everyone want another -- only $2.99 for challenge butter. and when hands get messy, quite surely they'll say, "yum! wow! yay! what a sweeter holiday." safeway. ingredients for life. ♪ in a world where ♪ there is so much to see ♪ there's still no other place ♪ that i would rather, rather ♪ rather, rather be ♪ [ male announcer ] dip into sabra hummus and discover a little taste of the world. enjoy sabra dips. adventure awaits. >>> port of oakland employees voted to ratify a contract agreement reached last month. this is video from the strike. the agreement includes a cost of living raise over the next two years and a signing bonus. they have been bargaining since june of 2011. >>> gas pr
NBC
Dec 7, 2012 6:00am EST
. 25 days before the u.s. is set to go over the fiscal cliff and still no deal. >> the president wants more revenue and fewer spending cuts then if we fell off the fiscal cliff. >> pulling the rug out from under these families would delay the recovery. how do we get the economy moving? weekly unemployment claims spike. governor chris christie pressed president obama for additional aid. >> i am going home, guys. >> hiring plans plans last month. matching a record low from november of 2008. planned layoffs rose 20% to their highest levels in six months. consumer spending is down. >> i want to thank tiffany. >> the fiscal cliff negotiations are down to president obama and john boehner. the uncertainty could take a toll. >> it hasn't affected hiring and layoff decisions yet but it will if we get into next year and haven't nailed this down. >> on monday the president travels to michigan to talked economy at a diesel plant. >> why is superstar sandy plain such a role in the jobs report? >> 24 states were affected one way or the other. businesses had to shut down. between the fiscal cli
CNN
Dec 10, 2012 4:00am PST
hammer out a fiscal cliff deal. >>> what makes a person black? my new documentary sparks conversation about the color of your skin and how it defines who you are. who is black in america? >>> you may start feeling less pain at the pump. gas prices are crashing and how long will it last? just ahead. >>> a mexican american singer, a superstar, dies in a plane crash. now her fans in mourning. we'll have details, straight ahead. >>> a packed two hours for you. new york mayor cory booker will join us. and poet journalist, angela davis will join us as well. gold medal olympic gymnast gabby douglas has written a new book. and judy chu is with us, and the macks join us, and singer adam lambert. monday, december 10th. and "starting point" begins right now. >>> wow, that's an ominous little graphic right there. yes that is because the fiscal cliff is what we're talking about this morning. that's the starting point. president obama and the house speaker speaking face to face for the first time in more than three weeks. the two men who stand between millions of americans and the fiscal cliff sat
FOX Business
Dec 4, 2012 1:00pm EST
pitching their plan to stop the fiscal cliff. the president says no deal without raising taxes on the rich. melissa: the nations largest seaport complex at a near standstill for the eighth straight day. drake christopher is going to join us with how this could impact your holiday season. lori: i was just kidding, actually. bacon is kosher. i do not eat kosher. melissa: speaking of kosher -- lori: rubbing elbows with the royals. our next ambassador -- you are speechless. melissa: i do not know about that one. time for stocks now as we do every 15 minutes. nicole petallides is standing by. nicole: right now, we are seeing the dow jones industrial average down just 12 points. so far, we are having a losing week on wall street. let's see what happens at the end of the day. these moves are really fractional. the s&p down a third of a percent. december, traditionally, is the best month for the s&p 500 since 1950. we will see whether or not that seems to come to correlation. i want to take a look at some of the auto retailers. it turns out they are not doing so well with their sales. pat boy
FOX Business
Dec 7, 2012 1:00pm EST
budged this time around and we are on the verge of a fiscal cliff. does the market think there is going to be a deal? joining us now from the pits of the cme. why do you think traders and investors think we will avoid the fiscal cliff? >> i think you will have this chicken little scenario. crying this god is falling. every time before a crisis materializes, they come up with something. you look at the principals in here, john boehner, president obama, timothy gardner, they do not sound like they are getting together anytime soon. adam: you think we will go over the cliff? >> i think we are very close to doing it. if they don't come up with an agreement, i do not see any advantage of being any longer then you are right now. i have a double sure production to protect me on the way down. i am protected. adam: what kind of things should an investor be looking for that we do have a deal? >> you know, that is really hard to say. what i would like to hear is less out of boehner and less out of obama. if i hear that there has been a call made to representative boehner to come and speak in the white house that they w
FOX Business
Dec 4, 2012 11:00pm EST
that replicans they can force the republicans to cave the will not be a fiscal cliff that will be damagin. neil: i tell you, better no deal than the deal they are comin up with right now. i raise with you othis, fair and balanced abo ts wh president bush, he read that relatively clolection with john kerry as a mandate to do all sorts of things, and mandate of the not there i think it was a cas of overreach now, and his president is overreaching now,ifference now is that you have a whole powerful section of the economy, going to along for this ridiculous ride. >> you have to be careful, correct thaidon't think that hat president has ishe result of a huge electoral victory, it was od but not huge, where the hand comesrom is knowing the american people how they feel with respect to increases in taxes butqually as iortant. is how the cuts end upcoming wn, there areoioing to be cuts,ne other thing, charley. neil: do you think thereill be spending cuts ? >> definitely. it is going to happen. it --- it will be historic. il: not partf this deal. >> it will b historic. >> it will happen. neil: opening ga openi gam bet x hikes. >> not h
CNBC
Dec 7, 2012 6:00am EST
a broader fiscal cliff deal. there's an article on the front page of today's "wall street journal" that highlights other ways people are trying to take advantage of the certainty over the final few weeks of 2012. some of the examples they cite are people said to be accelerating large medical expenses for this year and selling appreciated stock in some cases even prepaying their mortgages so they can make sure they get the mortgage interest deduction. and, bob, you think -- for a lot of people that won't matter? >> you have the amt. so if you take excessive deductions, they just disappear. which is one of the things about all of this about limiting these deductions which is kind of silly because the amt does it in the aggregate. and of course the amt is grabbing more and more people and it's one of the things they want to reform, but if they reform it, they have to raise taxes someplace else. so it's confusing. >> but that's the worst part of it, a simpler tax code that someone could actually understand and now how things work that allows less room for loophole so is that people wh
FOX News
Dec 6, 2012 2:00am PST
morning f. we go over the fiscal cliff small business owners could see the tax rates rise to over 50 percent. >> it is eye popping isn't it. pray congress makes a deal to avoid going over the fiscal cliff. high income workers there will get more than 50 percent. it targets income brackets. state taxes went up. they are now higher than both new york city as well as hawaii. >> when it comes to jobs being added different numbers, 118,000. >> this is the first week of the month we get a lot of jobs data. storm event coming in when i say storm literally we will see the effects of super storm sandy. private job creation says businesses added 118,000 jobs in november. if it were not for sandy that number would have been north of 200,000. adt may have a stronger jobs report that's the big one economists look at. we expect 93,000 nonfarm jobs have been created last month. the numbers are weak and they suggest it's not just a storm but it is worried about the fiscal cliff holding businesses back from hiring. >> business owners and other people on e-mail which is most of us. when you are reading the e-mails and writing them you rate changes. >> pay attention i gu
CNN
Dec 6, 2012 4:00am PST
over the fiscal cliff. what top economists are saying about your investments. >>> and is this what the fiscal cliff deal has come to? why 81-year-old former senator alan simpson is going gangnam style to get everyone's attention on debt. >> it has officially jumped the shark. >>> alan st. pierre is the executive director for the national,or for the reform of marijuana laws. oregon senator jeff merkley, heidi ewing, and rachel grady will be joining us. steve satich, ohio congressman, steve latourette, and ambassador nick burns are our guests this morning. it's thursday, december 6th, and "starting point" begins right now. >>> welcome, everybody. our starting point this morning, some major developments to tell you about in egypt, after angry protests against political moves by the president, mohamed morsi, have turned deadly. tanks, armored personnel vehicles, all stationed outside the presidential analysis cairo. not only are they guarding the palace, they're also keeping apart supporters and opponents of morsi. hundreds of his islamist supporters already taking to the streets in cairo this morning. opponent
CNN
Dec 10, 2012 5:00am EST
. now that's a really big deal when it comes to the fiscal cliff crisis. because in just 22 days americans face severe tax hikes and spending cuts unless these two leaders can find a way to compromise. now neither side would discuss specifics about their conversation. but after yesterday's white house meeting, a spokesman for the president said "the lines of communication remain open." now that may be music to the ears of former white house chief of staff erskine bowles, one half of the bowles-simpson reduction duo. >> they started a tango now. you know, any time you got two guys in there tangoing, you have a chance to get it done. >> brianna keilar is live now from washington. we don't have a lot of details about what went on in that meeting. maybe if they're both not talking, that may be a good thing. >> that's right. in fact, we have almost absolutely no details. the things that really interesting, though, to observers here is the statement that came out from the white house and from the speaker's office. they're the same statement verbatim. they're not leaking details. and th
CBS
Dec 5, 2012 5:00pm PST
of going over the "fiscal cliff." we break down what californians stand to lose if there is no deal. >> a new discovery impacting how breast cancer is treated. how tweaking the recommendation for a certain drug could save lives. >> and... ♪ [ music ] >> remembering a local legend. out every thethe music and legacy of dave brubeck. ,,,, ?f< administration will reject a budget deal that doesn't ine higher taxes for the wealtht rcent of americans. >>> treasury secretary timothy geithner said the obama administration will reject a budget deal that doesn't include higher taxes for the wealthiest 2% of americans. >> and the "fiscal cliff" deadline is now a day closer and still no deal between the president and republicans. political reporter grace lee is live in the newsroom with what this gridlock could cost californians. grace. >> reporter: well, liz, now we have some very real numbers that's what's at stake if we go over the "fiscal cliff." the daily democrat predicts that our state could lose $4.5 billion and lose about 200,000 jobs and with 26 days until that deadline, the painful realit
CNBC
Dec 6, 2012 6:00am EST
ago, how does that work? there was no fiscal cliff deal six months from now and still no deal. so i'm not sure why we think there's more uncertainty. i would say if you really think about it the president has a lot of ways to delay the impact. for example, our withholding table don't have to get change order january 1. even if you haven't struck a deal, you don't adjust the withholding tables. for now you can delay the pain. so there is wiggle room in terms of when the impact has to be felt. >> but is there where wiggle rom the investing world who looks at the united states and says these guys are a bunch of keystone cops. this cost us with the last round of negotiations back in the summer of 2011 when the debt rating agencies said if you can't find some civil way to talk to each other, we're going to cut your rating. >> it was nice seeing the ratings agencies make a comments on u.s. democracy. that was helpful. i think, though, is there some deal that can be struck, yes. when does it get done, i think it's probably less important to be better before year end. equity markets are l
CNBC
Dec 4, 2012 11:00pm EST
on vacation without the notion. the fiscal cliff glasgows from being half full to half empty that's where we want it, and once it's half empty, it's much more immune to disappointment. that's because those hoping for a deal will be gone. checked out, sold. replaced by three types of strongholders. get this. first like when the debt ceiling was raised. a move that countered for a huge chunk of the markets. these people believe that some kind of deal is inevitable. they think selling now is tantamount to giving up the bottom. the second set. they feel it won't have much of an impact on the economy. they believe we won't go into recession and the whole thing is over, done. mellow drama even. they think fearmongers. and this is their group of strong holders. a little time passes, they think, hey, should be better off going over the cliff. rich will pay more of their fair shares and higher taxes on dividends. government spending sliced where it should be and and the bloated defense budget. unnecessary social programs. me? i think we aren't where we need to be yet when the it comes to abandoning all the hope. i think the postfiscal cliff world has -- not to matter. those people are polyannas. i think we go into a r
CNN
Dec 4, 2012 4:00am PST
fiscal cliff deal with california's democratic congressman xavier becerra. >>> the rain and flooding are relentless in northern california. four storms in less than a week left at least one death now attributed to those storms. and more rain is expected today. let's get right to meteorologist rob marciano. he is following it all from the cnn weather center in atlanta. good morning. >> good morning, zoraida. this is the worst stretch of storms that northern california has seen really in about two years. another punch today then we'll set up for a dry trend. the good news is that it has been dry so the ground, even though we've seen a lot of major flooding, the ground has absorbed a fair amount of it. seattle to portland, rain right now. snow at the highest elevations, and the rain will eventually push down into san francisco and sacramento later on today. this system is actually messing up the atmosphere and creating a lot of warmth across much of the country. if you live anywhere east of the rockies, actually anywhere east of the cascades and sierras, you're feeling it. temperatures,
CNN
Dec 7, 2012 2:00am PST
to see you. new polls. what do americans want to see in a fiscal cliff deal? >> the polls are at these num, the big sticking points, should taxes be raised on those making over $250,000 a taxes would be raised if there's no deal to avert the fiscal cliff. yesterday as you said, the president was in northern virginia meeting with a middle class family who would suffer if there was no deal. last week the president went to suburban philadelphia, to a small business again to make the point of his side in these fiscal cliff negotiations. different than a year and a half ago when the president dealt only with republicans in congress. this time he is taking the case to americans and getting outside of washington, d.c. congressional republicans not so happy that the president is doing this. >> we understand that. paul steinhauser live in washington, thank you. >>> let's talk more about the fiscal cliff. we have the washington correspondent for the new yorker and cnn contributor ryan lizza with us. john boehner and the president in a room, just the two of them. good idea? >> i think it is
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